American Assets Capital Advisers Has Cut Its Hudson Pac Pptys INC (HPP) Stake by $4.07 Million; Market Value Declined

May 21, 2018 - By Migdalia James

Hudson Pacific Properties, Inc. (NYSE:HPP) LogoInvestors sentiment decreased to 1.23 in 2017 Q4. Its down 0.01, from 1.24 in 2017Q3. It is negative, as 15 investors sold HPP shares while 67 reduced holdings. 31 funds opened positions while 70 raised stakes. 155.67 million shares or 3.63% more from 150.22 million shares in 2017Q3 were reported. California Pub Employees Retirement System invested in 0.02% or 334,288 shares. Raymond James Financial Svcs Advisors holds 18,507 shares or 0% of its portfolio. Sei has invested 0.03% in Hudson Pacific Properties, Inc. (NYSE:HPP). Pnc Fincl Services Grp Incorporated reported 1,927 shares stake. Heitman Real Est Limited Liability Co invested in 1.88% or 963,954 shares. State Board Of Administration Of Florida Retirement stated it has 0.01% in Hudson Pacific Properties, Inc. (NYSE:HPP). Aperio Grp Inc Lc holds 0% or 12,277 shares. Virginia-based Virginia Retirement Sys Et Al has invested 0.06% in Hudson Pacific Properties, Inc. (NYSE:HPP). Blackrock Inc owns 11.06 million shares for 0.02% of their portfolio. 2.58M are owned by Nuveen Asset Management Ltd Llc. State Of Wisconsin Investment Board owns 52,376 shares for 0% of their portfolio. Employees Retirement Association Of Colorado stated it has 19,976 shares or 0% of all its holdings. Moreover, Kemper Master Retirement has 0.23% invested in Hudson Pacific Properties, Inc. (NYSE:HPP) for 11,750 shares. 1.21 million are held by Security Capital Research & Mngmt Inc. Employees Retirement Sys Of Texas stated it has 128,000 shares or 0.06% of all its holdings.

Since May 9, 2018, it had 0 insider buys, and 1 sale for $349,706 activity.

American Assets Capital Advisers decreased its stake in Hudson Pac Pptys Inc (HPP) by 92.57% based on its latest 2017Q4 regulatory filing with the SEC. American Assets Capital Advisers sold 119,600 shares as the company’s stock declined 4.74% with the market. The institutional investor held 9,600 shares of the finance company at the end of 2017Q4, valued at $329,000, down from 129,200 at the end of the previous reported quarter. American Assets Capital Advisers who had been investing in Hudson Pac Pptys Inc for a number of months, seems to be less bullish one the $5.30 billion market cap company. The stock increased 2.03% or $0.675 during the last trading session, reaching $33.975. About 821,723 shares traded. Hudson Pacific Properties, Inc. (NYSE:HPP) has declined 5.51% since May 21, 2017 and is downtrending. It has underperformed by 17.06% the S&P500.

American Assets Capital Advisers, which manages about $79.48 million and $394.40M US Long portfolio, upped its stake in Brookfield Renewable Partner (BEP) by 245,382 shares to 583,582 shares, valued at $20.37 million in 2017Q4, according to the filing. It also increased its holding in Cyrusone Inc (NASDAQ:CONE) by 65,000 shares in the quarter, for a total of 289,780 shares, and has risen its stake in New Residential Invt Corp (NYSE:NRZ).

Analysts await Hudson Pacific Properties, Inc. (NYSE:HPP) to report earnings on August, 2. They expect $0.47 earnings per share, down 2.08 % or $0.01 from last year’s $0.48 per share. HPP’s profit will be $73.26 million for 18.07 P/E if the $0.47 EPS becomes a reality. After $0.45 actual earnings per share reported by Hudson Pacific Properties, Inc. for the previous quarter, Wall Street now forecasts 4.44 % EPS growth.

Another recent and important Hudson Pacific Properties, Inc. (NYSE:HPP) news was published by Globenewswire.com which published an article titled: “New Research: Key Drivers of Growth for Antero Resources, Hudson Pacific Properties, Lincoln National, TreeHouse …” on May 10, 2018.

Hudson Pacific Properties, Inc. (NYSE:HPP) Ratings Coverage

Among 6 analysts covering Hudson Pacific Properties (NYSE:HPP), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Hudson Pacific Properties had 7 analyst reports since January 8, 2018 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Monday, May 7 with “Outperform”. The firm has “Outperform” rating by Wells Fargo given on Friday, February 23. Mizuho maintained it with “Hold” rating and $32.0 target in Wednesday, January 24 report. The company was downgraded on Friday, January 12 by Sandler O’Neill. The stock has “Buy” rating by Robert W. Baird on Monday, January 8. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, January 30 report.

Hudson Pacific Properties, Inc. (NYSE:HPP) Institutional Positions Chart

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