Mutual of America Capital Management LLC Has $3.86 Million Stock Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Mutual of America Capital Management LLC raised its stake in Hudson Pacific Properties, Inc. (NYSE:HPPGet Rating) by 2.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 139,050 shares of the real estate investment trust’s stock after buying an additional 2,667 shares during the period. Mutual of America Capital Management LLC’s holdings in Hudson Pacific Properties were worth $3,859,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HPP. New York State Teachers Retirement System boosted its position in Hudson Pacific Properties by 22.6% in the fourth quarter. New York State Teachers Retirement System now owns 95,363 shares of the real estate investment trust’s stock valued at $2,356,000 after buying an additional 17,576 shares in the last quarter. Van ECK Associates Corp raised its stake 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 valued at $287,000 after acquiring an additional 4,654 shares during the last quarter. NN Investment Partners Holdings N.V. raised its stake in shares of Hudson Pacific Properties by 4.8% during the fourth quarter. NN Investment Partners Holdings N.V. now owns 423,300 shares of the real estate investment trust’s stock valued at $10,460,000 after acquiring an additional 19,500 shares during the last quarter. Janney Montgomery Scott LLC raised its stake 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 valued at $2,376,000 after acquiring an additional 1,321 shares during the last quarter. Finally, State of Michigan Retirement System raised its stake 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 valued at $955,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Wall Street Analyst Weigh In

HPP has been the subject of several analyst reports. Wells Fargo & Company dropped their price target on shares of Hudson Pacific Properties from $30.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, July 1st. The Goldman Sachs Group dropped their price target on shares of Hudson Pacific Properties from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, May 25th. Piper Sandler dropped their price target on shares of Hudson Pacific Properties to $18.00 in a research note on Monday, July 4th. StockNews.com initiated coverage on shares of Hudson Pacific Properties in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Morgan Stanley lowered their target price on shares of Hudson Pacific Properties from $18.00 to $13.00 and set an “underweight” rating for the company in a research note on Tuesday, July 19th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Hudson Pacific Properties presently has an average rating of “Hold” and a consensus target price of $20.18.

Hudson Pacific Properties Stock Down 1.4 %

Shares of NYSE HPP opened at $14.37 on Wednesday. The stock has a market capitalization of $2.08 billion, a P/E ratio of -119.74, a P/E/G ratio of 2.60 and a beta of 0.99. The company has a 50-day moving average price of $16.80 and a 200-day moving average price of $22.20. Hudson Pacific Properties, Inc. has a 1 year low of $13.92 and a 1 year high of $28.66. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.51 and a quick ratio of 1.51.

Hudson Pacific Properties (NYSE:HPPGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.63). The business had revenue of $244.51 million for the quarter, compared to analyst estimates of $241.98 million. Hudson Pacific Properties had a negative net margin of 1.08% and a negative return on equity of 0.27%. During the same quarter in the prior year, the business earned $0.48 earnings per share. On average, equities research analysts forecast that Hudson Pacific Properties, Inc. will post 2.02 EPS for the current fiscal year.

Hudson Pacific Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Monday, June 20th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date was Thursday, June 16th. Hudson Pacific Properties’s dividend payout ratio is currently -833.26%.

About Hudson Pacific Properties

(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.

See Also

Want to see what other hedge funds are holding HPP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hudson Pacific Properties, Inc. (NYSE:HPPGet Rating).



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.

Leave a Reply

Your email address will not be published. Required fields are marked *