Raymond James Financial Services Advisors Inc. Boosts Holdings in Hudson Pacific Properties, Inc. (HPP)

Raymond James Financial Services Advisors Inc. raised its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 1.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 17,932 shares of the real estate investment trust’s stock after purchasing an additional 336 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Hudson Pacific Properties were worth $613,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in Hudson Pacific Properties by 126.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,740 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 2,091 shares during the period. Public Employees Retirement Association of Colorado purchased a new position in Hudson Pacific Properties during the 2nd quarter valued at about $168,000. Advisors Asset Management Inc. increased its position in Hudson Pacific Properties by 33.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 8,980 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 2,238 shares during the period. Eqis Capital Management Inc. purchased a new position in Hudson Pacific Properties during the 2nd quarter valued at about $307,000. Finally, Ramsey Quantitative Systems purchased a new position in Hudson Pacific Properties during the 2nd quarter valued at about $310,000.

In related news, Director Jonathan M. Glaser purchased 15,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $31.78 per share, for a total transaction of $476,700.00. Following the completion of the purchase, the director now directly owns 132,405 shares of the company’s stock, valued at approximately $4,207,830.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan M. Glaser purchased 5,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was bought at an average price of $32.20 per share, for a total transaction of $161,000.00. Following the completion of the purchase, the director now directly owns 132,405 shares of the company’s stock, valued at $4,263,441. The disclosure for this purchase can be found here. Insiders acquired 25,000 shares of company stock worth $797,600 over the last quarter. 0.33% of the stock is currently owned by insiders.

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Shares of Hudson Pacific Properties, Inc. (HPP) opened at 33.82 on Wednesday. Hudson Pacific Properties, Inc. has a 52-week low of $31.52 and a 52-week high of $36.75. The stock has a market cap of $5.25 billion, a P/E ratio of 96.08 and a beta of 0.75. The firm’s 50-day moving average is $33.12 and its 200 day moving average is $33.34.

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

A number of research analysts have commented on the stock. BidaskClub raised shares of Hudson Pacific Properties from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Morgan Stanley cut their price objective on shares of Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, September 1st. KeyCorp reaffirmed a “buy” rating on shares of Hudson Pacific Properties in a research report on Tuesday, September 26th. Barclays PLC lifted their price objective on shares of Hudson Pacific Properties from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 15th. Finally, Goldman Sachs Group, Inc. (The) assumed 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 on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $37.79.

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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