Hudson Pacific Properties Inc (HPP) Shares Sold by Citadel Advisors LLC

Citadel Advisors LLC trimmed its position in shares of Hudson Pacific Properties Inc (NYSE:HPP) by 54.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 777,452 shares of the real estate investment trust’s stock after selling 929,510 shares during the quarter. Citadel Advisors LLC’s holdings in Hudson Pacific Properties were worth $25,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Hudson Pacific Properties by 1.5% in the 3rd quarter. BlackRock Inc. now owns 11,186,914 shares of the real estate investment trust’s stock worth $366,036,000 after purchasing an additional 160,698 shares in the last quarter. Cbre Clarion Securities LLC increased its stake in shares of Hudson Pacific Properties by 167.9% in the 2nd quarter. Cbre Clarion Securities LLC now owns 4,568,180 shares of the real estate investment trust’s stock worth $161,851,000 after purchasing an additional 2,862,705 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hudson Pacific Properties by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,460,940 shares of the real estate investment trust’s stock worth $80,517,000 after purchasing an additional 10,196 shares in the last quarter. Glenmede Trust Co. NA increased its stake in shares of Hudson Pacific Properties by 27.9% in the 2nd quarter. Glenmede Trust Co. NA now owns 2,103,719 shares of the real estate investment trust’s stock worth $74,535,000 after purchasing an additional 458,568 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Hudson Pacific Properties by 6.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,976,942 shares of the real estate investment trust’s stock worth $70,044,000 after purchasing an additional 127,405 shares in the last quarter.

In other Hudson Pacific Properties news, Director Jonathan M. Glaser purchased 5,000 shares of the business’s stock in a transaction on Tuesday, November 27th. The stock was acquired at an average price of $29.74 per share, for a total transaction of $148,700.00. Following the purchase, the director now owns 129,468 shares of the company’s stock, valued at approximately $3,850,378.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher James Barton sold 20,166 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $33.02, for a total value of $665,881.32. The disclosure for this sale can be found here. Insiders acquired a total of 12,957 shares of company stock valued at $405,445 in the last quarter. 1.93% of the stock is currently owned by company insiders.

NYSE:HPP opened at $31.41 on Tuesday. Hudson Pacific Properties Inc has a one year low of $28.25 and a one year high of $36.06. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $4.84 billion, a PE ratio of 16.24, a P/E/G ratio of 2.91 and a beta of 0.67.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.36). Hudson Pacific Properties had a return on equity of 2.93% and a net margin of 15.99%. The business had revenue of $180.70 million during the quarter, compared to analysts’ expectations of $175.92 million. During the same quarter in the previous year, the company posted $0.50 EPS. The company’s quarterly revenue was down 4.9% on a year-over-year basis. Sell-side analysts expect that Hudson Pacific Properties Inc will post 1.85 EPS for the current fiscal year.

Several equities research analysts have recently commented on the company. Bank of America restated a “buy” rating and issued a $37.00 price objective (down from $41.00) on shares of Hudson Pacific Properties in a research note on Friday. Zacks Investment Research upgraded Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Scotiabank assumed coverage on Hudson Pacific Properties in a research note on Tuesday, October 16th. They issued an “outperform” rating for the company. Robert W. Baird lowered Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research note on Tuesday, August 21st. Finally, TheStreet lowered Hudson Pacific Properties from a “b” rating to a “c+” rating in a research note on Wednesday, August 8th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.67.

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Hudson Pacific Properties Profile

Hudson Pacific Properties, Inc is areal estate company. It owns, operates, develops and acquires office, media, and entertainment properties. The company operates through two segments: Office Properties and Media & Entertainment Properties. The Office Properties segment manages office properties located in California and Pacific Northwest.

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

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