Follow The 13GDs: Hudson Pacific Properties, Inc Has Another Bullish Trade, Blackstone Holdings Iii L.P. Bought Stake!

Follow The 13GDs: Hudson Pacific Properties, Inc Has Another Bullish Trade, Blackstone Holdings Iii L.P. Bought Stake!

The New Blackstone Holdings Iii L.P. Holding in Hudson Pacific Properties, Inc

Blackstone Holdings Iii L.P. filed with the SEC SC 13D/A form for Hudson Pacific Properties, Inc. The form can be accessed here: 000119312516781002. As reported in Blackstone Holdings Iii L.P.’s form, the filler as of late owns 11.8% or 17,224,791 shares of the Finance–company.

Hudson Pacific Properties, Inc stake is a new one for the and it was filed because of activity on November 21, 2016. We feel this shows Blackstone Holdings Iii L.P.’s positive view for the stock.

Reasons Why Blackstone Holdings Iii L.P. Bought – Hudson Pacific Properties, Inc Stock

Purpose of Transaction

Item 4 of the Schedule 13D is hereby amended and supplementedas follows:

On November21, 2016, the Issuer entered into a purchase agreement with the Holdco Subsidiaries, Nantucket ServicesL.L.C. and Blackhawk Services II LLC (collectively, the “Blackstone Sellers”), pursuant to which the Issuer agreed to purchase from the Blackstone Sellers an aggregate of 17,250,000 OP Units, at a purchase price of $32.50 per OPUnit (the “November 2016 Purchase Agreement”). The purchase described above was in connection with the Issuer entering into an underwriting agreement, dated as of November21, 2016, with the underwriter (the “November2016 Underwriter”) and selling stockholders party thereto (the “November 2016 Underwriting Agreement”), pursuant to which the Issuer agreed to sell 17,533,099 shares of its Common Stock and the selling stockholders partythereto agreed to sell 1,165,918 shares of Common Stock in an underwritten offering (the “November2016 Offering”). The Issuer intended to use the net proceeds received by it in the November 2016 Offering to purchase the17,250,000 OP Units from the Blackstone Sellers and 283,099 OP Units from other sellers. The transactions described herein closed on November28, 2016.

In connection with the November 2016 Offering, the Blackstone Sellers agreed with the November 2016 Underwriter, subject to specifiedexceptions, not to offer, pledge or sell, or enter into any agreement to sell or otherwise dispose of or transfer, any shares of Common Stock or securities convertible into or exchangeable or exercisable for shares of Common Stock, for a period of30 days after November21, 2016, except with the prior written consent of the November 2016 Underwriter (the “November 2016 Lock-up Agreement”).

References to and descriptions of the November 2016 Lock-up Agreement set forth above in thisItem4 do not purport to be complete and are qualified in their entirety by reference to the full text of the November 2016 Lock-up Agreement, a form of which has been filed as Exhibit H hereto andincorporated herein by reference.

Item5.Interest in Securities of the Issuer.

Hudson Pacific Properties, Inc Institutional Sentiment

Latest Security and Exchange filings show 152 investors own Hudson Pacific Properties, Inc. The institutional ownership in Q3 2015 is high, at 74.14% of the outstanding shares. This is increased by 12566479 the total institutional shares. 101600733 were the shares owned by these institutional investors. In total 9 funds opened new Hudson Pacific Properties, Inc stakes, 54 increased stakes. There were 20 that closed positions and 68 reduced them.

2 managers had the stock in their top Ten. Notable investors are: Tfs Capital Llc, Waterfront Capital Partners Llc, Grs Advisors Llc, Presima Inc., Weiss Multi-Strategy Advisers Llc..

Blackstone Group Lp is an institutional investor bullish on Hudson Pacific Properties, Inc, owning 8626311 shares as of Q3 2015 for 0.80% of its portfolio. Presima Inc owns 877200 shares or 4.60% of its portfolio. CT Forum Securities Ltd have 4.31% of their stock portfolio for 130196 shares. Further, Eii Capital Management Inc reported stake worth 3.21% of its US stock portfolio. The CA Phocas Financial Corp owns 510957 shares. Hudson Pacific Properties, Inc is 1.24% of the manager’s US portfolio.

Business Profile

Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate investment trust (REIT). The Company is focused on owning, operating and acquiring office, and media and entertainment properties in select growth markets primarily in Northern and Southern California, and the Pacific Northwest. It operates in two segments: office properties, and media and entertainment properties. Its investment strategy is focused on high barrier-to-entry, in-fill locations with favorable, long-term supply demand characteristics in select markets, including Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and Seattle. Its portfolio includes office properties, comprising an aggregate of approximately 14.0 million square feet, and media and entertainment properties, comprising over 0.9 million square feet of sound-stage, office and supporting production facilities. It also owns undeveloped density rights for over 2.6 million square feet of future office space.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 1.45 in 2016 Q2. Its down 1.12, from 2.57 in 2016Q1. The ratio turned negative, as 6 funds sold all Hudson Pacific Properties Inc shares owned while 41 reduced positions. 34 funds bought stakes while 87 increased positions. They now own 101.57 million shares or 7.99% more from 94.06 million shares in 2016Q1.

California Pub Employees Retirement System has 0.01% invested in the company for 174,700 shares. The Pennsylvania-based Stevens Cap Management Lp has invested 0.01% in Hudson Pacific Properties Inc (NYSE:HPP). Endeavour Capital Incorporated last reported 0.76% of its portfolio in the stock. Plante Moran Financial Ltd Llc holds 0% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP) for 160 shares. Northern, a Illinois-based fund reported 1.39 million shares. Verition Fund Management has invested 0.04% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP). Eii Mngmt has 2.36% invested in the company for 276,300 shares. The New York-based Jane Street Group Inc Ltd has invested 0.01% in Hudson Pacific Properties Inc (NYSE:HPP). Nationwide Fund Advsr, a Pennsylvania-based fund reported 73,595 shares. Pnc Financial Services holds 0% or 12,763 shares in its portfolio. Waterfront Cap Prns Limited Liability Co accumulated 1.00M shares or 4.65% of the stock. First Limited Partnership last reported 65,660 shares in the company. Nomura Asset Management Limited accumulated 55,380 shares or 0.03% of the stock. Moreover, Aqr Limited Liability Com has 0.01% invested in Hudson Pacific Properties Inc (NYSE:HPP) for 103,780 shares. Swiss Bank has invested 0.01% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP).

Insider Transactions: Since July 21, 2016, the stock had 0 insider purchases, and 2 sales for $62.29 million net activity. 804,627 shares were sold by FRIED RICHARD B, worth $24.40 million.

Analysts await Hudson Pacific Properties Inc (NYSE:HPP) to report earnings on February, 23. They expect $0.46 earnings per share, up 4.55% or $0.02 from last year’s $0.44 per share. HPP’s profit will be $63.72M for 18.95 P/E if the $0.46 EPS becomes a reality. After $0.46 actual earnings per share reported by Hudson Pacific Properties Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

The stock decreased 0.14% or $0.05 during the last trading session, hitting $34.87. About 2.92 million shares traded hands or 189.11% up from the average. Hudson Pacific Properties Inc (NYSE:HPP) has risen 19.01% since April 27, 2016 and is uptrending. It has outperformed by 13.78% the S&P500.

Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate investment trust . The company has a market cap of $4.83 billion. The Firm is focused on owning, operating and acquiring office, and media and entertainment properties in select growth markets primarily in Northern and Southern California, and the Pacific Northwest. It currently has negative earnings. It operates in two divisions: office properties, and media and entertainment properties.

Hudson Pacific Properties Inc (NYSE:HPP) Ratings Coverage

Out of 10 analysts covering Hudson Pacific Properties (NYSE:HPP), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. $40 is the highest target while $9 is the lowest. The $33.33 average target is -4.42% below today’s ($34.87) stock price. Hudson Pacific Properties has been the topic of 21 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was initiated by BTIG Research on Thursday, August 25 with “Buy”. Mizuho maintained the shares of HPP in a report on Friday, August 5 with “Buy” rating. The stock of Hudson Pacific Properties Inc (NYSE:HPP) has “Hold” rating given on Monday, August 10 by Zacks. The firm has “Overweight” rating by Barclays Capital given on Thursday, March 24. The stock of Hudson Pacific Properties Inc (NYSE:HPP) has “Buy” rating given on Thursday, August 27 by Cantor Fitzgerald. The rating was initiated by Robert W. Baird on Thursday, June 30 with “Outperform”. The rating was upgraded by Mizuho on Monday, November 7 to “Buy”. The rating was upgraded by Morgan Stanley to “Overweight” on Friday, December 4. The firm has “Neutral” rating given on Monday, January 11 by Credit Suisse. The stock of Hudson Pacific Properties Inc (NYSE:HPP) has “Overweight” rating given on Tuesday, July 19 by Barclays Capital.

More recent Hudson Pacific Properties Inc (NYSE:HPP) news were published by: Streetinsider.com which released: “Hudson Pacific Properties (HPP) Prices $572.5M Primary, Secondary Common Stock …” on November 22, 2016. Also Businesswire.com published the news titled: “Hudson Pacific Properties and Canada Pension Plan Investment Board Acquire …” on October 10, 2016. Businesswire.com‘s news article titled: “Hudson Pacific Properties Announces Acquisition and Disposition Activities” with publication date: June 06, 2016 was also an interesting one.

According to Zacks Investment Research, “Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate company focused on owning, operating and acquiring office properties and media and entertainment properties in select growth markets primarily in Northern and Southern California. These markets include Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and the East Bay. The Company is headquartered in Los Angeles, California.”

HPP Company Profile

Hudson Pacific Properties, Inc., incorporated on November 9, 2009, is a full-service, vertically integrated real estate investment trust (REIT). The Firm is focused on owning, operating and acquiring office, and media and entertainment properties in select growth markets primarily in Northern and Southern California, and the Pacific Northwest. The Firm operates in two divisions: office properties, and media and entertainment properties. The Company’s investment strategy is focused on high barrier-to-entry, in-fill locations with favorable, long-term supply demand characteristics in select markets, including Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and Seattle, which it refers to as its target markets. The Company’s portfolio includes office properties, comprising an aggregate of approximately 14.0 million square feet, and media and entertainment properties, comprising approximately 0.9 million square feet of sound-stage, office and supporting production facilities. The Firm also owns undeveloped density rights for approximately 2.6 million square feet of future office space.

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