Daiwa Securities Group Inc. grew its stake in Hudson Pacific Properties Inc (NYSE:HPP) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,062,203 shares of the real estate investment trust’s stock after acquiring an additional 18,384 shares during the period. Hudson Pacific Properties accounts for 1.4% of Daiwa Securities Group Inc.’s holdings, making the stock its 20th biggest holding. Daiwa Securities Group Inc. owned about 3.23% of Hudson Pacific Properties worth $147,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. We Are One Seven LLC bought a new position in Hudson Pacific Properties in the 4th quarter worth about $112,000. Redpoint Investment Management Pty Ltd purchased a new stake in Hudson Pacific Properties during the third quarter valued at approximately $458,000. Jefferies Group LLC purchased a new stake in Hudson Pacific Properties during the third quarter valued at approximately $498,000. Securian Asset Management Inc lifted its position in Hudson Pacific Properties by 24.4% during the third quarter. Securian Asset Management Inc now owns 15,800 shares of the real estate investment trust’s stock valued at $517,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Man Group plc lifted its position in Hudson Pacific Properties by 28.4% during the third quarter. Man Group plc now owns 18,100 shares of the real estate investment trust’s stock valued at $592,000 after acquiring an additional 4,000 shares during the last quarter.
A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Thursday. Bank of America reissued a “buy” rating and set a $37.00 target price (down previously from $41.00) on shares of Hudson Pacific Properties in a research report on Friday, November 30th. Scotiabank assumed coverage on shares of Hudson Pacific Properties in a research report on Tuesday, October 16th. They set an “outperform” rating for the company. Finally, Robert W. Baird raised shares of Hudson Pacific Properties from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.56.
NYSE:HPP opened at $33.10 on Monday. Hudson Pacific Properties Inc has a 52 week low of $27.12 and a 52 week high of $36.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $5.19 billion, a P/E ratio of 16.63, a PEG ratio of 3.04 and a beta of 0.73.
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About Hudson Pacific Properties
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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