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Hudson Pacific Properties Inc. (HPP) Sees Large Volume Increase
Sei Investments Co. now owns 89,110 shares of the real estate investment trust’s stock worth $2,507,000 after buying an additional 18,889 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of ...
Hudson Pacific Properties Inc(NYSE:HPP) shares saw strong trading volume on Friday 4,428,336 shares traded hands during mid-day trading, an increase of 154% from the previous session’s volume of 1,740,082 shares.The stock last traded at $33.81 and had previously closed at $33.34.
Several equities research analysts have recently issued reports on the companyRobert WBaird assumed coverage on Hudson Pacific Properties in a research report on Thursday, June 30thThey issued an “outperform” rating and a $38.00 price target on the stockZacks Investment Research downgraded Hudson Pacific Properties from a “buy” rating to a “hold” rating in a research report on Thursday, July 21stKeyCorp reissued a “buy” rating and set a $37.00 target price on shares of Hudson Pacific Properties in a research report on Sunday, May 15thMizuho raised Hudson Pacific Properties from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, July 22ndFinally, Barclays PLC lifted their target price on Hudson Pacific Properties from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 19thThree research analysts have rated the stock with a hold rating and six have issued a buy rating to the companyThe stock currently has an average rating of “Buy” and an average price target of $35.33.
The company’s market cap is $3.02 billionThe firm’s 50 day moving average price is $30.16 and its 200-day moving average price is $28.01
Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, May 5thThe real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02The business had revenue of $142.30 million for the quarter, compared to the consensus estimate of $150.87 million On average, analysts predict that Hudson Pacific Properties Incwill post $1.74 EPS for the current fiscal year
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30thShareholders of record on Monday, June 20th were given a dividend of $0.20 per shareThe ex-dividend date of this dividend was Thursday, June 16thThis represents a $0.80 annualized dividend and a yield of 2.37%
In other Hudson Pacific Properties news, CEO Victor JColeman purchased 10,000 shares of the business’s stock in a transaction on Thursday, May 19thThe shares were purchased at an average cost of $26.86 per share, with a total value of $268,600.00Following the transaction, the chief executive officer now directly owns 898,085 shares of the company’s stock, valued at approximately $24,122,563.10The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC websiteAlso, Director Barry Alan Porter purchased 5,000 shares of the business’s stock in a transaction on Thursday, May 19thThe shares were acquired at an average cost of $27.61 per share, for a total transaction of $138,050.00Following the completion of the transaction, the director now directly owns 63,673 shares in the company, valued at $1,758,011.53The disclosure for this purchase can be found here
Other large investors have recently modified their holdings of the companyNew York State Common Retirement Fund boosted its stake in shares of Hudson Pacific Properties by 1.2% in the fourth quarterNew York State Common Retirement Fund now owns 157,434 shares of the real estate investment trust’s stock worth $4,430,000 after buying an additional 1,929 shares during the last quarter Rhumbline Advisers boosted its stake in shares of Hudson Pacific Properties by 7.0% in the fourth quarterRhumbline Advisers now owns 107,804 shares of the real estate investment trust’s stock worth $3,034,000 after buying an additional 7,070 shares during the last quarter Standard Life Investments LTD boosted its stake in shares of Hudson Pacific Properties by 3.8% in the fourth quarterStandard Life Investments LTD now owns 206,526 shares of the real estate investment trust’s stock worth $5,815,000 after buying an additional 7,585 shares during the last quarter Sei Investments Coboosted its stake in shares of Hudson Pacific Properties by 26.9% in the fourth quarterSei Investments Conow owns 89,110 shares of the real estate investment trust’s stock worth $2,507,000 after buying an additional 18,889 shares during the last quarter Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Hudson Pacific Properties by 6.6% in the fourth quarterState of New Jersey Common Pension Fund D now owns 406,500 shares of the real estate investment trust’s stock worth $11,439,000 after buying an additional 25,000 shares during the last quarter
Hudson Pacific Properties, Inc is a real estate investment trust (REIT)The Company is a real estate company focused on owning, operating and acquiring office properties and media and entertainment properties in markets in Northern and Southern California and the Pacific NorthwestIts portfolio includes office properties, comprising approximately 5.9 million square feet, and media and entertainment properties, comprising approximately 0.9 million square feet of sound-stage, office and supporting production facilities.
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