Waterfront Capital Partners LLC lifted its holdings in Hudson Pacific Properties Inc (NYSE:HPP) by 75.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,118,720 shares of the real estate investment trust’s stock after buying an additional 479,790 shares during the period. Hudson Pacific Properties comprises 4.9% of Waterfront Capital Partners LLC’s holdings, making the stock its 2nd largest holding. Waterfront Capital Partners LLC owned approximately 0.71% of Hudson Pacific Properties worth $36,605,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Qube Research & Technologies Ltd bought a new stake in shares of Hudson Pacific Properties in the 2nd quarter worth about $113,000. CIBC Asset Management Inc bought a new stake in shares of Hudson Pacific Properties in the 2nd quarter worth about $206,000. First Republic Investment Management Inc. bought a new stake in shares of Hudson Pacific Properties in the 2nd quarter worth about $212,000. Sumitomo Mitsui Asset Management Company LTD bought a new stake in shares of Hudson Pacific Properties in the 2nd quarter worth about $230,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Hudson Pacific Properties in the 2nd quarter worth about $230,000.
In related news, EVP Christopher James Barton sold 20,166 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $33.02, for a total transaction of $665,881.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan M. Glaser bought 1,957 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were purchased at an average cost of $30.11 per share, with a total value of $58,925.27. Following the transaction, the director now directly owns 129,468 shares of the company’s stock, valued at $3,898,281.48. The disclosure for this purchase can be found here. 1.93% of the stock is currently owned by corporate insiders.
Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.36). Hudson Pacific Properties had a return on equity of 2.93% and a net margin of 15.99%. The business had revenue of $180.70 million during the quarter, compared to analysts’ expectations of $175.92 million. During the same period in the previous year, the company posted $0.50 EPS. Hudson Pacific Properties’s revenue for the quarter was down 4.9% on a year-over-year basis. As a group, equities analysts expect that Hudson Pacific Properties Inc will post 1.85 EPS for the current year.
HPP has been the topic of a number of research reports. Mizuho restated a “hold” rating and issued a $34.00 target price on shares of Hudson Pacific Properties in a report on Monday, August 6th. TheStreet downgraded shares of Hudson Pacific Properties from a “b” rating to a “c+” rating in a research note on Wednesday, August 8th. Robert W. Baird downgraded shares of Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research note on Tuesday, August 21st. Scotiabank assumed coverage on shares of Hudson Pacific Properties in a research note on Tuesday, October 16th. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research downgraded shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Hudson Pacific Properties currently has an average rating of “Buy” and a consensus price target of $38.00.
Hudson Pacific Properties Profile
Hudson Pacific Properties, Inc is areal estate company. It owns, operates, develops and acquires office, media, and entertainment properties. The company operates through two segments: Office Properties and Media & Entertainment Properties. The Office Properties segment manages office properties located in California and Pacific Northwest.
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