State Street Amends Hudson Pacific Properties Stake
Ticker: HPP-PC · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1482512
| Field | Detail |
|---|---|
| Company | Hudson Pacific Properties, Inc. (HPP-PC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, REIT, passive-investing
Related Tickers: HPP
TL;DR
**State Street still holds HPP, signaling institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, disclosing its ownership in Hudson Pacific Properties, Inc. (HPP). This filing indicates State Street's position as a significant institutional investor in the REIT, holding shares as of December 31, 2023. This matters to investors because large institutional holdings can signal confidence in a company's long-term prospects and provide a degree of stability to the stock.
Why It Matters
This filing shows that State Street Corporation continues to hold a notable position in Hudson Pacific Properties, Inc., which can influence market perception and trading activity for HPP stock.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor and does not indicate any immediate negative or positive risk for the stock.
Analyst Insight
A smart investor would note State Street's continued institutional presence in Hudson Pacific Properties, Inc. as a data point, but would not make investment decisions solely based on this routine disclosure. Further research into HPP's financials and market conditions is warranted.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Hudson Pacific Properties, Inc. (company) — the subject company (issuer) in which shares are held
- January 30, 2024 (date) — the filing date of the SC 13G/A
- December 31, 2023 (date) — the date of the event which required the filing
- 0001482512 (number) — Central Index Key (CIK) for Hudson Pacific Properties, Inc.
- 0000093751 (number) — Central Index Key (CIK) for State Street Corporation
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change in previously reported beneficial ownership by a passive institutional investor.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is STATE STREET CORPORATION, identified by IRS Identification No. 04-2456637.
What is the 'Issuer' or 'Subject Company' of the securities mentioned in this filing?
The 'Issuer' is HUDSON PACIFIC PROPERTIES INC, which is a REIT (Real Estate Investment Trust).
What is the CUSIP number for the securities discussed?
The CUSIP number for the class of securities (REIT) of Hudson Pacific Properties Inc is 444097109.
What was the 'Date of Event Which Requires Filing of This Statement'?
The 'Date of Event Which Requires Filing of This Statement' was 12/31/2023, meaning the ownership data reflects holdings as of the end of last year.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding Hudson Pacific Properties, Inc. (HPP-PC).