Pensionfund DSM Netherlands boosted its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 35.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,500 shares of the real estate investment trust’s stock after buying an additional 20,000 shares during the period. Pensionfund DSM Netherlands’ holdings in Hudson Pacific Properties were worth $2,075,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of HPP. Van ECK Associates Corp increased its position in Hudson Pacific Properties by 23.5% in the 3rd quarter. Van ECK Associates Corp now owns 4,556 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 866 shares in the last quarter. Ninepoint Partners LP bought a new stake in Hudson Pacific Properties in the 4th quarter valued at about $163,000. Fox Run Management L.L.C. bought a new stake in Hudson Pacific Properties in the 4th quarter valued at about $201,000. Profund Advisors LLC increased its position in Hudson Pacific Properties by 15.7% in the 3rd quarter. Profund Advisors LLC now owns 10,121 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 1,374 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in Hudson Pacific Properties in the 4th quarter valued at about $227,000. 99.11% of the stock is owned by institutional investors and hedge funds.
Hudson Pacific Properties stock opened at $28.10 on Thursday. Hudson Pacific Properties, Inc. has a 12 month low of $18.62 and a 12 month high of $30.97. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.83. The business’s 50 day simple moving average is $26.87 and its 200 day simple moving average is $24.44. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 200.71, a PEG ratio of 3.47 and a beta of 1.00.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 29th. Investors of record on Friday, March 19th were paid a $0.25 dividend. The ex-dividend date was Thursday, March 18th. This represents a $1.00 annualized dividend and a yield of 3.56%. Hudson Pacific Properties’s payout ratio is 49.26%.
In related news, Director Jonathan M. Glaser sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 29th. The stock was sold at an average price of $28.05, for a total value of $56,100.00. Following the transaction, the director now owns 105,612 shares in the company, valued at $2,962,416.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.37% of the stock is currently owned by corporate insiders.
A number of analysts recently commented on HPP shares. Zacks Investment Research lowered Hudson Pacific Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, February 17th. BMO Capital Markets boosted their price objective on Hudson Pacific Properties from $27.00 to $30.00 and gave the stock a “market perform” rating in a report on Monday. Morgan Stanley boosted their price objective on Hudson Pacific Properties from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, March 25th. Scotiabank lowered Hudson Pacific Properties from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $28.00 to $25.00 in a report on Monday, January 25th. Finally, Piper Sandler lowered Hudson Pacific Properties from an “overweight” rating to a “neutral” rating in a report on Thursday, January 14th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.83.
Hudson Pacific Properties Company Profile
Hudson Pacific Properties, Inc is a real estate company. It owns, operates, develops and acquires office, media, and entertainment properties. The company operates through two segments: Office Properties and Studio Properties. The Office Properties segment manages office properties located in California and Pacific Northwest.
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