Quantitative Systematic Strategies LLC Acquires 2,162 Shares of Hudson Pacific Properties Inc (NYSE:HPP)

Quantitative Systematic Strategies LLC boosted its holdings in shares of Hudson Pacific Properties Inc (NYSE:HPP) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,890 shares of the real estate investment trust’s stock after buying an additional 2,162 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Hudson Pacific Properties were worth $1,227,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of HPP. State of Alaska Department of Revenue increased its holdings in Hudson Pacific Properties by 0.8% during the 1st quarter. State of Alaska Department of Revenue now owns 67,812 shares of the real estate investment trust’s stock valued at $2,331,000 after purchasing an additional 532 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Hudson Pacific Properties by 0.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 152,761 shares of the real estate investment trust’s stock valued at $5,258,000 after buying an additional 600 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Hudson Pacific Properties by 3.5% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 28,920 shares of the real estate investment trust’s stock valued at $995,000 after buying an additional 981 shares during the period. Investec Asset Management PTY Ltd lifted its holdings in shares of Hudson Pacific Properties by 3.0% during the 1st quarter. Investec Asset Management PTY Ltd now owns 34,172 shares of the real estate investment trust’s stock valued at $1,176,000 after buying an additional 1,000 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in shares of Hudson Pacific Properties by 0.7% in the 1st quarter. Eagle Asset Management Inc. now owns 137,527 shares of the real estate investment trust’s stock worth $4,733,000 after purchasing an additional 1,018 shares in the last quarter.

HPP has been the subject of a number of analyst reports. TheStreet lowered Hudson Pacific Properties from a “b” rating to a “c” rating in a research note on Friday, May 3rd. Zacks Investment Research downgraded shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $37.00.

NYSE HPP traded up $0.46 on Tuesday, reaching $33.99. 10,130 shares of the company’s stock traded hands, compared to its average volume of 737,698. Hudson Pacific Properties Inc has a fifty-two week low of $27.12 and a fifty-two week high of $36.19. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.17 and a current ratio of 1.17. The business has a 50 day moving average of $34.32. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 2.82 and a beta of 0.67.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.42). The company had revenue of $196.66 million for the quarter, compared to analysts’ expectations of $199.85 million. Hudson Pacific Properties had a return on equity of 0.16% and a net margin of 0.80%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. On average, analysts expect that Hudson Pacific Properties Inc will post 2.01 EPS for the current fiscal year.

In other Hudson Pacific Properties news, EVP Christopher James Barton sold 27,756 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $34.67, for a total value of $962,300.52. Following the sale, the executive vice president now directly owns 89,609 shares of the company’s stock, valued at approximately $3,106,744.03. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Mark T. Lammas sold 56,835 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $34.42, for a total transaction of $1,956,260.70. Following the completion of the sale, the chief financial officer now directly owns 256,257 shares in the company, valued at $8,820,365.94. The disclosure for this sale can be found here. Corporate insiders own 1.95% of the company’s stock.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties is a visionary real estate investment trust that owns and operates more than 17 million square feet of marquee office and studio properties. 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.

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

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