Susquehanna International Group LLP Buys 382,374 Shares of Hudson Pacific Properties, Inc. (HPP)

Susquehanna International Group LLP grew its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 12,745.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,374 shares of the real estate investment trust’s stock after purchasing an additional 382,374 shares during the quarter. Susquehanna International Group LLP owned approximately 0.25% of Hudson Pacific Properties worth $13,176,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in shares of Hudson Pacific Properties by 18.9% in the second quarter. California State Teachers Retirement System now owns 286,865 shares of the real estate investment trust’s stock valued at $9,808,000 after purchasing an additional 45,635 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Hudson Pacific Properties by 1.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 17,932 shares of the real estate investment trust’s stock valued at $613,000 after purchasing an additional 336 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Hudson Pacific Properties in the second quarter valued at approximately $3,285,000. BlueCrest Capital Management Ltd bought a new position in shares of Hudson Pacific Properties in the second quarter valued at approximately $6,566,000. Finally, Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Hudson Pacific Properties by 4.1% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 74,322 shares of the real estate investment trust’s stock valued at $2,541,000 after purchasing an additional 2,943 shares in the last quarter.

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A number of research analysts have recently weighed in on the company. KeyCorp restated a “buy” rating on shares of Hudson Pacific Properties in a report on Tuesday, September 26th. BidaskClub upgraded Hudson Pacific Properties from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Barclays PLC raised their target price on Hudson Pacific Properties from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th. Goldman Sachs Group, Inc. (The) assumed coverage on Hudson Pacific Properties in a report on Tuesday, September 19th. They issued a “buy” rating and a $39.00 target price on the stock. Finally, Morgan Stanley dropped their target price on Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $38.06.

In other Hudson Pacific Properties news, Director Jonathan M. Glaser acquired 15,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $31.78 per share, with a total value of $476,700.00. Following the transaction, the director now owns 132,405 shares of the company’s stock, valued at approximately $4,207,830.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan M. Glaser acquired 5,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average cost of $31.98 per share, for a total transaction of $159,900.00. Following the completion of the transaction, the director now directly owns 132,405 shares in the company, valued at approximately $4,234,311.90. The disclosure for this purchase can be found here. Insiders purchased a total of 25,000 shares of company stock worth $797,600 over the last ninety days. 13.35% of the stock is currently owned by insiders.

Shares of Hudson Pacific Properties, Inc. (HPP) traded down 0.317% during mid-day trading on Tuesday, hitting $32.995. The company had a trading volume of 324,981 shares. The firm has a market capitalization of $5.12 billion, a PE ratio of 93.736 and a beta of 0.75. The firm has a 50-day moving average price of $32.66 and a 200-day moving average price of $33.44. Hudson Pacific Properties, Inc. has a 52 week low of $31.53 and a 52 week high of $36.75.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The business had revenue of $166.85 million for the quarter, compared to analysts’ expectations of $175.79 million. Hudson Pacific Properties had a return on equity of 1.37% and a net margin of 7.87%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. Equities analysts forecast that Hudson Pacific Properties, Inc. will post $0.29 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $1.00 annualized dividend and a yield of 3.02%. Hudson Pacific Properties’s dividend payout ratio (DPR) is presently 277.78%.

Hudson Pacific Properties Company 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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