Hudson Pacific Properties Inc (NYSE:HPP) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $34.03 and traded as high as $34.93. Hudson Pacific Properties shares last traded at $34.55, with a volume of 14,162 shares trading hands.

HPP has been the subject of several recent analyst reports. Zacks Investment Research upgraded SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Friday, July 5th. TheStreet cut Viewray from a “c-” rating to a “d” rating in a report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $37.00.

The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.83 and a beta of 0.67. The company has a 50 day moving average price of $34.03. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.85.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.49 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.49. Hudson Pacific Properties had a net margin of 1.68% and a return on equity of 0.33%. The business had revenue of $197.39 million during the quarter, compared to analysts’ expectations of $194.62 million. During the same period last year, the company posted $0.45 EPS. The company’s revenue was up 13.4% on a year-over-year basis. Equities analysts forecast that Hudson Pacific Properties Inc will post 2.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Monday, June 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Friday, June 14th. Hudson Pacific Properties’s dividend payout ratio (DPR) is presently 53.76%.

In other news, insider Alex Vouvalides sold 43,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $35.10, for a total transaction of $1,509,300.00. Following the sale, the insider now owns 130,940 shares in the company, valued at $4,595,994. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark T. Lammas sold 56,835 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $34.42, for a total transaction of $1,956,260.70. Following the sale, the chief financial officer now owns 256,257 shares in the company, valued at approximately $8,820,365.94. The disclosure for this sale can be found here. Insiders sold a total of 127,591 shares of company stock valued at $4,427,861 over the last ninety days. Company insiders own 1.95% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in HPP. BlackRock Inc. grew its holdings in Hudson Pacific Properties by 9.3% during the 1st quarter. BlackRock Inc. now owns 12,393,998 shares of the real estate investment trust’s stock worth $426,601,000 after acquiring an additional 1,055,300 shares during the last quarter. Long Pond Capital LP raised its holdings in Hudson Pacific Properties by 3.8% during the 1st quarter. Long Pond Capital LP now owns 6,249,674 shares of the real estate investment trust’s stock worth $215,114,000 after buying an additional 230,500 shares during the period. Daiwa Securities Group Inc. raised its holdings in Hudson Pacific Properties by 2.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 5,165,251 shares of the real estate investment trust’s stock worth $177,788,000 after buying an additional 103,048 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Hudson Pacific Properties by 9.3% in the first quarter. Principal Financial Group Inc. now owns 4,566,831 shares of the real estate investment trust’s stock valued at $157,190,000 after purchasing an additional 388,392 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Hudson Pacific Properties by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 1,943,883 shares of the real estate investment trust’s stock valued at $56,489,000 after purchasing an additional 102,653 shares during the last quarter.

Hudson Pacific Properties Company Profile (NYSE:HPP)

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.

Further Reading: Capital Gains

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