Economy

Hudson Pacific Properties Inc

PNC Financial Services Group has an ownership of 3,740 stocks of the real estate investment trust's shares valued at $130,000 following acquiring an extra 2,091 shares through out the previous quarter, Public Employees Retirement Association of Colorado bought a fresh position in Hudson Pacific Properties in the 2nd period worth at about $168,000. Can now owns 108,380 shares of the real estate investment trust's stock valued at $3,756,000 after purchasing an additional 35,712 shares during the last quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HPP. Advisors Asset Management Inc. raised its position in shares of Hudson Pacific Properties by 1,278.7% in the 1st quarter.

In related news, Director Jonathan M. Glaser purchased 5,000 shares of the stock in a transaction dated Thursday, August 10th. Hudson Pacific Properties earned a media sentiment score of 0.50 on AlphaOne's scale. Advisors Asset Management Inc. increased its holdings in Hudson Pacific Properties by 1,278.7% during the first quarter. In the latest earnings report the EPS was $0.35 and is estimated to be $0.29 for the current year with 155,290,000 shares now outstanding. Lastly, US Bancorp DE boosted its holdings in Hudson Pacific Properties by 88.4% in the 1st period. Following the acquisition, the director now owns 132,405 shares in the company, valued at $4,207,830.90. (NYSE:HPP). Jonathan M. Glaser, Director reported the purchase of 25,000 shares of (HPP). The stock closing price is now trading upward to its 50 day moving average with change of 7.78%, escalated to its 20 day moving average with figure of 8.07% and behind its 200 day moving average with value -6.54%. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. The rating was maintained by Barclays Capital with "Overweight" on Tuesday, August 15. The shares were acquired at an average price of $31.98 per share, for a total transaction of $159,900.00. The firm exchanged a volume of 1.82 million shares at hands. The disclosure for this purchase can be found here. Moreover, Waterfront Capital Partners Llc has 2.34% invested in the company for 486,710 shares. Insiders own 13.35% of the company's stock. The stock of Hudson Pacific Properties Inc (NYSE:HPP) has "Outperform" rating given on Thursday, June 30 by Robert W. Baird. If you are reading this article on another website, it was stolen and republished in violation of US and global copyright & trademark law. About shares traded. Hudson Pacific Properties Inc (NYSE:HPP) has risen 20.99% since September 27, 2016 and is uptrending. Hudson Pacific Properties had a return on equity of 1.37% and a net margin of 7.87%. (NYSE:HPP) opened at 32.88 on Tuesday. The stock has a 50 day moving average of $34.93 and a 200-day moving average of $34.26. Current trade price levels places HPP's stock about -10.20% away from the 52-week high and closed 4.68% away from the 52-week low. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 139.80 and a beta of 0.67.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, August 3rd. HPP's profit would be $76.54 million giving it 16.82 P/E if the $0.49 EPS is correct. The company had revenue of $166.85 million during the quarter, compared to analysts' expectations of $175.79 million. During the same quarter in the prior year, the business posted $0.43 EPS. Equities analysts forecast that Hudson Pacific Properties will post $0.29 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.05%. Hudson Pacific Properties's dividend payout ratio is presently -7,992.01%.

Many brokerage firms have weighed in on HPP. Finally, Goldman Sachs Group, Inc. Zacks upgraded the shares of HPP in report on Monday, August 10 to "Hold" rating. They set a "buy" rating and a $39.00 target price for the company. The stock now has a consensus rating of "Buy" and a consensus target price of $38.06. (The) started coverage on shares of Hudson Pacific Properties in a report on Tuesday, September 19th. Hudson Pacific Properties had 25 analyst reports since August 10, 2015 according to SRatingsIntel. The company has an average rating of "Buy" and a consensus target price of $38.39.

Hudson Pacific Properties Inc (HPP) formed multiple bottom with $29.83 target or 8.00% below today's $32.42 share price. The Firm operates businesses throughout the media value chain, from talent discovery to the creation, production and distribution of content. (NASDAQ:KTEC). Nationwide Fund Advsrs holds 0% or 300 shares in its portfolio.



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