Envestnet Asset Management Inc. lessened its stake in shares of Hudson Pacific Properties Inc (NYSE:HPP) by 17.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 30,348 shares of the real estate investment trust’s stock after selling 6,540 shares during the period. Envestnet Asset Management Inc.’s holdings in Hudson Pacific Properties were worth $1,015,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HPP. Point72 Hong Kong Ltd grew its holdings in Hudson Pacific Properties by 17.7% during the 2nd quarter. Point72 Hong Kong Ltd now owns 3,992 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 601 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Hudson Pacific Properties during the second quarter worth $203,000. M&T Bank Corp acquired a new stake in shares of Hudson Pacific Properties during the second quarter worth $218,000. Creative Planning boosted its holdings in shares of Hudson Pacific Properties by 5.3% during the second quarter. Creative Planning now owns 8,038 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 408 shares during the last quarter. Finally, Ellington Management Group LLC acquired a new stake in shares of Hudson Pacific Properties during the second quarter worth $329,000.

In other news, Director Jonathan M. Glaser bought 1,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average price of $33.05 per share, for a total transaction of $33,050.00. Following the completion of the acquisition, the director now owns 127,649 shares of the company’s stock, valued at $4,218,799.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sanford Dale Shimoda sold 5,000 shares of Hudson Pacific Properties stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $35.52, for a total value of $177,600.00. Following the completion of the transaction, the executive vice president now owns 93,971 shares in the company, valued at approximately $3,337,849.92. The disclosure for this sale can be found here. 1.95% of the stock is currently owned by company insiders.

HPP has been the topic of several analyst reports. Goldman Sachs Group initiated coverage on Hudson Pacific Properties in a report on Friday. They set a “buy” rating and a $41.00 price objective on the stock. Zacks Investment Research upgraded Hudson Pacific Properties from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Saturday, October 19th. Barclays set a $42.00 price objective on Hudson Pacific Properties and gave the stock a “buy” rating in a report on Friday, October 11th. Robert W. Baird set a $40.00 price objective on Hudson Pacific Properties and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, BTIG Research set a $40.00 price objective on Hudson Pacific Properties and gave the stock a “buy” rating in a report on Friday, October 18th. Seven analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $39.67.

HPP stock opened at $35.38 on Friday. Hudson Pacific Properties Inc has a 52-week low of $27.12 and a 52-week high of $36.47. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 3.59 and a beta of 0.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.86. The stock’s fifty day simple moving average is $34.09 and its 200-day simple moving average is $34.15.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.04). Hudson Pacific Properties had a net margin of 5.94% and a return on equity of 1.27%. The firm had revenue of $208.20 million during the quarter, compared to analyst estimates of $204.82 million. During the same quarter in the previous year, the business posted $0.47 EPS. Hudson Pacific Properties’s revenue was up 15.2% compared to the same quarter last year. As a group, analysts anticipate that Hudson Pacific Properties Inc will post 2.02 earnings per share for the current fiscal year.

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.

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

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