Market Runner: Could Hudson Pacific Properties Inc Change Direction After Today’s Big Increase?

Market Runner: Could Hudson Pacific Properties Inc Change Direction After Today's Big Increase?

The stock of Hudson Pacific Properties Inc (NYSE:HPP) is a huge mover today! The stock decreased 0.94% or $0.31 on October 28, hitting $32.59. Hudson Pacific Properties Inc (NYSE:HPP) has risen 11.04% since March 29, 2016 and is uptrending. It has outperformed by 7.56% the S&P500.
The move comes after 9 months positive chart setup for the $3.90B company. It was reported on Oct, 31 by Barchart.com. We have $55.08 PT which if reached, will make NYSE:HPP worth $2.69B more.

Analysts await Hudson Pacific Properties Inc (NYSE:HPP) to report earnings on November, 3. They expect $0.44 EPS, up 2.33% or $0.01 from last year’s $0.43 per share. HPP’s profit will be $52.65 million for 18.52 P/E if the $0.44 EPS becomes a reality. After $0.43 actual EPS reported by Hudson Pacific Properties Inc for the previous quarter, Wall Street now forecasts 2.33% EPS growth.

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. Hudson Pacific Properties has been the topic of 20 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Robert W. Baird initiated the shares of HPP in a report on Thursday, June 30 with “Outperform” rating. The stock of Hudson Pacific Properties Inc (NYSE:HPP) has “Buy” rating given on Friday, July 22 by Mizuho. BTIG Research initiated the stock with “Buy” rating in Thursday, August 25 report. Morgan Stanley upgraded the stock to “Overweight” rating in Friday, December 4 report. Zacks upgraded the shares of HPP in a report on Monday, August 10 to “Hold” rating. The company was initiated on Thursday, August 27 by Cantor Fitzgerald. Barclays Capital maintained Hudson Pacific Properties Inc (NYSE:HPP) rating on Thursday, March 24. Barclays Capital has “Overweight” rating and $33 price target. The company was initiated on Monday, March 28 by Cowen & Co. UBS initiated Hudson Pacific Properties Inc (NYSE:HPP) on Monday, November 2 with “Buy” rating. Credit Suisse downgraded the shares of HPP in a report on Monday, January 11 to “Neutral” rating.

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.”

Insitutional Activity: The institutional sentiment increased to 2.57 in 2016 Q2. Its up 1.62, from 0.95 in 2016Q1. The ratio improved, 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.
Moreover, Teachers has 0.03% invested in Hudson Pacific Properties Inc (NYSE:HPP) for 515,570 shares. Creative Planning, a Kansas-based fund reported 16 shares. Navellier Assoc has 0.08% invested in the company for 19,498 shares. Blackrock Inc holds 0% or 98,264 shares in its portfolio. Macquarie Grp Inc Ltd last reported 0.01% of its portfolio in the stock. Amp Capital Invsts Ltd accumulated 31,913 shares or 0.01% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% or 19,017 shares in its portfolio. Morgan Stanley reported 5.07M shares or 0.05% of all its holdings. Dimensional Fund Ltd Partnership holds 0.02% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP) for 1.06M shares. Amica Mutual Ins, a Rhode Island-based fund reported 6,771 shares. Rainier Inv Limited Liability Corp, a Washington-based fund reported 137,790 shares. Eagle Asset Management, a Florida-based fund reported 150,259 shares. Waterfront Partners Ltd Llc last reported 1.00 million shares in the company. Metropolitan Life Ins Co Ny owns 63,328 shares or 0.01% of their US portfolio. Phocas Corp has 0.72% invested in the company for 338,561 shares.

Insider Transactions: Since May 12, 2016, the stock had 5 buys, and 2 selling transactions for $36.50 million net activity. The insider Porter Barry Alan bought $138,050. FRIED RICHARD B also sold $24.40 million worth of Hudson Pacific Properties Inc (NYSE:HPP) on Thursday, July 21. $1.02 million worth of Hudson Pacific Properties Inc (NYSE:HPP) was bought by GLASER JONATHAN M on Thursday, May 12. COLEMAN VICTOR J also bought $268,600 worth of Hudson Pacific Properties Inc (NYSE:HPP) on Thursday, May 19.

More notable recent Hudson Pacific Properties Inc (NYSE:HPP) news were published by: Businesswire.com which released: “Hudson Pacific Properties and Canada Pension Plan Investment Board Acquire …” on October 10, 2016, also Businesswire.com with their article: “Hudson Pacific Properties Leases 75000 Square Feet to Qualys at Metro Center …” published on October 20, 2016, Businesswire.com published: “Hudson Pacific Properties Announces Executive Appointments” on September 18, 2015. More interesting news about Hudson Pacific Properties Inc (NYSE:HPP) were released by: Businesswire.com and their article: “Hudson Pacific Properties Sells San Bruno Office Campus for $215 Million to …” published on January 19, 2016 as well as Businesswire.com‘s news article titled: “Hudson Pacific Properties Announces Acquisition and Disposition Activities” with publication date: June 06, 2016.

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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