The Hudson Pacific Properties, Inc. (NYSE:HPP) Stake Increased by Sprott Inc

Bruno Cirelli
Luglio 19, 2017

The fund purchased 13,310 shares of the real estate investment trust's stock, valued at approximately $461,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HPP. Additionally Hudson Pacific Properties, Inc. declared a dividend paid on Friday June 30th, 2017. Ltd. now owns 288,960 shares of the real estate investment trust's stock worth $9,946,000 after buying an additional 66,490 shares during the last quarter.

Hudson Pacific Properties, Inc is a real estate investment trust (REIT). Dimensional Fund Advisors LP now owns 1,466,605 shares of the real estate investment trust's stock worth $51,007,000 after buying an additional 255,297 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Hudson Pacific Properties by 57.5% in the first quarter. State of Alaska Department of Revenue now owns 75,420 shares of the real estate investment trust's stock worth $2,611,000 after buying an additional 27,540 shares during the last quarter. Profund Advisors LLC increased its stake in Hudson Pacific Properties by 10.7% in the first quarter. Accern also assigned news stories about the real estate investment trust an impact score of 45.8238953911588 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future. Finally, Quantitative Systematic Strategies LLC increased its stake in Hudson Pacific Properties by 47.6% in the first quarter. Hudson Pacific Properties, Inc. has a 52 week low of $28.85 and a 52 week high of $36.75. (NYSE:HPP) remains a cheap stock. Company insiders own 13.35% of the company's stock.

It is now trading at $32.33 which is marginally under $34.03, the stock's 50 day moving average and a tad under the 200 day moving average of $34.68. The company has market cap of $48.77 billion. The correct version of this story can be read at https://www.com-unik.info/2017/07/18/nomura-asset-management-co-ltd-has-3-70-million-position-in-hudson-pacific-properties-inc-hpp-updated-updated.html.

Shares of Hudson Pacific Properties (NYSE:HPP) opened at 32.33 on Monday. The real estate investment trust reported $0.48 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.48. Hudson Pacific Properties had a net margin of 8.20% and a return on equity of 1.40%. The business had revenue of $168.30 million for the quarter, compared to the consensus estimate of $173.93 million. Hudson Pacific Properties earned a news sentiment score of 0.23 on Accern's scale. Stockholders of record on Tuesday, June 20th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Friday, June 16th. Hudson Pacific Properties's payout ratio is 285.72%.

TRADEMARK VIOLATION WARNING: "Hudson Pacific Properties, Inc". If you are accessing this story on another website, it was copied illegally and republished in violation of USA & worldwide copyright laws. Equities analysts anticipate that Hudson Pacific Properties, Inc. will post $0.32 EPS for the current fiscal year. Mizuho cut shares of Hudson Pacific Properties from a "buy" rating to a "neutral" rating and set a $35.00 target price on the stock.in a research report on Monday, March 20th. BidaskClub raised shares of Hudson Pacific Properties from a "sell" rating to a "hold" rating in a research report on Saturday, June 10th. Analysts have a mean recommendation of 3.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Hudson Pacific Properties has an average rating of "Buy" and an average target price of $38.44.

In other Hudson Pacific Properties news, insider Harout Krikor Diramerian sold 20,000 shares of the company's stock in a transaction on Wednesday, June 7th. Harout Krikor Diramerian, CAO let go of $680,200 worth of shares at an average price of $34.01 on Wednesday the 7th. Following the completion of the transaction, the insider now owns 52,876 shares in the company, valued at $1,798,312.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 169,549 shares of company stock valued at $5,981,459.

Wells Fargo & Company decreased Alibaba Group Hldg Ltd (Put) (NYSE:BABA) stake by 139,400 shares to 310,000 valued at $3.75 million in 2016Q4. The disclosure for this sale can be found here. Shimoda Sanford Dale had sold 5,000 shares worth $179,350. Advsrs Asset Management Inc holds 0% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP) for 489 shares. The Firm operates in two divisions: office properties, and media and entertainment properties. It 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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