Ninepoint Partners LP bought a new stake in Hudson Pacific Properties, Inc. (NYSE:HPP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,170 shares of the real estate investment trust’s stock, valued at approximately $542,000.

Several other large investors have also recently bought and sold shares of HPP. PNC Financial Services Group Inc. raised its stake in shares of Hudson Pacific Properties by 126.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,740 shares of the real estate investment trust’s stock valued at $130,000 after acquiring an additional 2,091 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Hudson Pacific Properties by 31.2% in the second quarter. Bank of Montreal Can now owns 67,954 shares of the real estate investment trust’s stock valued at $2,323,000 after acquiring an additional 16,154 shares during the last quarter. Eqis Capital Management Inc. bought a new position in shares of Hudson Pacific Properties in the second quarter valued at approximately $307,000. US Bancorp DE raised its stake in shares of Hudson Pacific Properties by 302.4% in the second quarter. US Bancorp DE now owns 34,212 shares of the real estate investment trust’s stock valued at $1,170,000 after acquiring an additional 25,711 shares during the last quarter. Finally, Forsta AP Fonden raised its position in Hudson Pacific Properties by 199.4% in the 2nd quarter. Forsta AP Fonden now owns 51,500 shares of the real estate investment trust’s stock worth $1,761,000 after purchasing an additional 34,300 shares during the last quarter.

Several research firms recently weighed in on HPP. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. KeyCorp restated a “buy” rating on shares of Hudson Pacific Properties in a research report on Tuesday, September 26th. The Goldman Sachs Group, Inc. began coverage on shares of Hudson Pacific Properties in a research report on Tuesday, September 19th. They issued a “buy” rating and a $39.00 price objective for the company. Morgan Stanley dropped their price objective on shares of Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, September 1st. Finally, BidaskClub upgraded shares of Hudson Pacific Properties from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Hudson Pacific Properties has a consensus rating of “Hold” and a consensus price target of $37.79.

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In other Hudson Pacific Properties news, insider Richard B. Fried sold 17,417 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total transaction of $603,673.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.

Shares of Hudson Pacific Properties, Inc. (NYSE HPP) traded up $0.24 during trading on Friday, hitting $35.59. 1,087,500 shares of the company’s stock traded hands, compared to its average volume of 1,179,348. The company has a market cap of $5,516.75, a PE ratio of 18.41, a price-to-earnings-growth ratio of 3.05 and a beta of 0.77. Hudson Pacific Properties, Inc. has a 52 week low of $31.52 and a 52 week high of $36.75. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.61.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $190.02 million during the quarter, compared to analysts’ expectations of $183.37 million. Hudson Pacific Properties had a net margin of 8.98% and a return on equity of 1.58%. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. research analysts forecast that Hudson Pacific Properties, Inc. will post 1.96 earnings per share for the current fiscal year.

Hudson Pacific Properties Profile

Hudson Pacific Properties, Inc is a real estate investment trust (REIT). The Company operates in two segments: office properties, and media and entertainment properties. The Company is focused on acquiring, repositioning, developing and operating office and media and entertainment properties in submarkets throughout Northern and Southern California and the Pacific Northwest.

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Institutional Ownership by Quarter for Hudson Pacific Properties (NYSE:HPP)

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