Teachers Insurance & Annuity Association of America grew its holdings in shares of Hudson Pacific Properties Inc (NYSE:HPP) by 36.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,153 shares of the real estate investment trust’s stock after buying an additional 52,757 shares during the quarter. Teachers Insurance & Annuity Association of America owned approximately 0.13% of Hudson Pacific Properties worth $6,526,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Geode Capital Management LLC raised its holdings in Hudson Pacific Properties by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 1,943,883 shares of the real estate investment trust’s stock worth $56,489,000 after acquiring an additional 102,653 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Hudson Pacific Properties by 48.0% during the 1st quarter. SG Americas Securities LLC now owns 36,852 shares of the real estate investment trust’s stock worth $1,268,000 after purchasing an additional 11,950 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in shares of Hudson Pacific Properties during the 1st quarter worth approximately $201,000. Janus Henderson Group PLC bought a new stake in shares of Hudson Pacific Properties during the 1st quarter worth approximately $925,000. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Hudson Pacific Properties by 0.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 152,761 shares of the real estate investment trust’s stock worth $5,258,000 after purchasing an additional 600 shares in the last quarter.
In related news, Director Jonathan M. Glaser bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average cost of $33.05 per share, with a total value of $33,050.00. Following the completion of the purchase, the director now directly owns 127,649 shares in the company, valued at $4,218,799.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Victor J. Coleman sold 38,749 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $33.63, for a total transaction of $1,303,128.87. Following the transaction, the chief executive officer now directly owns 686,901 shares in the company, valued at $23,100,480.63. The disclosure for this sale can be found here. 1.95% of the stock is owned by insiders.
Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.42). Hudson Pacific Properties had a return on equity of 0.16% and a net margin of 0.80%. The firm had revenue of $196.66 million during the quarter, compared to analyst estimates of $199.85 million. During the same quarter last year, the firm posted $0.46 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Research analysts forecast that Hudson Pacific Properties Inc will post 2 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, September 19th. Hudson Pacific Properties’s dividend payout ratio is 53.76%.
Several research firms have issued reports on HPP. Robert W. Baird set a $40.00 price target on shares of Hudson Pacific Properties and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Zacks Investment Research lowered shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $38.50.
Hudson Pacific Properties Profile
Hudson Pacific Properties is a visionary real estate investment trust that owns and operates more than 17 million square feet of marquee office and studio properties. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more.
Recommended Story: LIBOR
Want to see what other hedge funds are holding HPP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hudson Pacific Properties Inc (NYSE:HPP).
Receive News & Ratings for Hudson Pacific Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Pacific Properties and related companies with MarketBeat.com's FREE daily email newsletter.