Stoneridge Investment Partners LLC reduced its holdings in shares of Hudson Pacific Properties Inc (NYSE:HPP) by 27.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,050 shares of the real estate investment trust’s stock after selling 4,187 shares during the period. Stoneridge Investment Partners LLC’s holdings in Hudson Pacific Properties were worth $378,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. increased its stake in Hudson Pacific Properties by 13.6% during the 3rd quarter. Principal Financial Group Inc. now owns 6,125,974 shares of the real estate investment trust’s stock valued at $205,403,000 after purchasing an additional 734,232 shares in the last quarter. Brookfield Asset Management Inc. increased its stake in Hudson Pacific Properties by 11.3% during the 2nd quarter. Brookfield Asset Management Inc. now owns 4,669,148 shares of the real estate investment trust’s stock valued at $159,638,000 after purchasing an additional 473,154 shares in the last quarter. Citadel Advisors LLC increased its stake in Hudson Pacific Properties by 468.9% during the 3rd quarter. Citadel Advisors LLC now owns 2,576,552 shares of the real estate investment trust’s stock valued at $86,392,000 after purchasing an additional 2,123,642 shares in the last quarter. Prudential Financial Inc. increased its stake in Hudson Pacific Properties by 21.0% during the 3rd quarter. Prudential Financial Inc. now owns 2,487,091 shares of the real estate investment trust’s stock valued at $83,392,000 after purchasing an additional 431,834 shares in the last quarter. Finally, PGGM Investments bought a new stake in Hudson Pacific Properties during the 4th quarter valued at about $80,830,000.
In other news, EVP Sanford Dale Shimoda sold 2,800 shares of Hudson Pacific Properties stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $35.68, for a total value of $99,904.00. Following the completion of the sale, the executive vice president now directly owns 83,072 shares in the company, valued at $2,964,008.96. The sale was disclosed in a document filed 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 (HPP) opened at $29.35 on Thursday. Hudson Pacific Properties Inc has a 12 month low of $28.75 and a 12 month high of $36.75. The company has a market cap of $4,586.63, a P/E ratio of 71.59, a PEG ratio of 2.44 and a beta of 0.70. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.61.
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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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