Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Purchased by abrdn plc

abrdn plc increased its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPPGet Rating) by 3.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,097 shares of the real estate investment trust’s stock after purchasing an additional 1,041 shares during the quarter. abrdn plc’s holdings in Hudson Pacific Properties were worth $935,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HPP. Van ECK Associates Corp lifted its holdings in shares of Hudson Pacific Properties by 66.9% during the fourth quarter. Van ECK Associates Corp now owns 11,610 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 4,654 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Hudson Pacific Properties by 1.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 96,146 shares of the real estate investment trust’s stock worth $2,376,000 after purchasing an additional 1,321 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Hudson Pacific Properties by 1.3% during the fourth quarter. State of Michigan Retirement System now owns 38,663 shares of the real estate investment trust’s stock worth $955,000 after purchasing an additional 500 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Hudson Pacific Properties during the fourth quarter worth about $397,000. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Hudson Pacific Properties by 0.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 415,760 shares of the real estate investment trust’s stock worth $10,274,000 after purchasing an additional 2,315 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Hudson Pacific Properties Stock Down 3.1 %

Shares of HPP opened at $14.54 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.51 and a current ratio of 1.91. Hudson Pacific Properties, Inc. has a one year low of $13.92 and a one year high of $28.66. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of -76.53, a PEG ratio of 2.69 and a beta of 0.96. The stock has a 50 day moving average price of $16.28 and a 200 day moving average price of $21.80.

Hudson Pacific Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Monday, June 20th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.88%. The ex-dividend date was Thursday, June 16th. Hudson Pacific Properties’s payout ratio is -526.32%.

Analyst Upgrades and Downgrades

HPP has been the subject of a number of research reports. Mizuho decreased their target price on Hudson Pacific Properties from $24.00 to $15.00 and set an “underperform” rating for the company in a report on Wednesday, July 6th. Credit Suisse Group initiated coverage on Hudson Pacific Properties in a report on Wednesday, June 22nd. They issued an “underperform” rating and a $16.00 price target for the company. Wells Fargo & Company decreased their price target on Hudson Pacific Properties from $30.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, July 1st. Jefferies Financial Group decreased their price target on Hudson Pacific Properties from $28.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, June 30th. Finally, Morgan Stanley decreased their price target on Hudson Pacific Properties from $18.00 to $13.00 and set an “underweight” rating for the company in a report on Tuesday, July 19th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.18.

Hudson Pacific Properties Profile

(Get Rating)

Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. 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.

Read More

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

Want More Great Investing Ideas?

Receive News & Ratings for Hudson Pacific Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Pacific Properties and related companies with MarketBeat.com's FREE daily email newsletter.