Worth Watching: Is Hudson Pacific Properties Inc a Buy? The Stock Rises Again

Worth Watching: Is Hudson Pacific Properties Inc a Buy? The Stock Rises Again

The stock of Hudson Pacific Properties Inc (NYSE:HPP) is a huge mover today! About 381,231 shares traded hands. Hudson Pacific Properties Inc (NYSE:HPP) has risen 11.47% since April 18, 2016 and is uptrending. It has outperformed by 7.04% the S&P500.
The move comes after 7 months positive chart setup for the $4.03B company. It was reported on Nov, 18 by Barchart.com. We have $45.57 PT which if reached, will make NYSE:HPP worth $1.45B more.

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 21 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Monday, March 28 by Cowen & Co. The firm has “Hold” rating by Zacks given on Monday, August 10. The rating was upgraded by Mizuho on Friday, July 22 to “Buy”. Cantor Fitzgerald initiated Hudson Pacific Properties Inc (NYSE:HPP) rating on Thursday, August 27. Cantor Fitzgerald has “Buy” rating and $9 price target. The rating was maintained by Mizuho on Friday, August 5 with “Buy”. As per Friday, August 5, the company rating was maintained by DA Davidson. The rating was initiated by BTIG Research on Thursday, August 25 with “Buy”. Robert W. Baird initiated Hudson Pacific Properties Inc (NYSE:HPP) on Thursday, June 30 with “Outperform” rating. The stock has “Neutral” rating given by Mizuho on Tuesday, February 2. Barclays Capital maintained Hudson Pacific Properties Inc (NYSE:HPP) rating on Tuesday, July 19. Barclays Capital has “Overweight” rating and $38 price target.

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 decreased to 1.45 in 2016 Q2. Its down 1.12, from 2.57 in 2016Q1. The ratio is 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.
New Mexico Educational Retirement Board holds 0.02% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP) for 14,233 shares. Vanguard Group has 0.02% invested in the company for 13.26 million shares. Tudor Investment Et Al has invested 0.03% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP). Nuveen Asset Management Ltd Llc has 0.18% invested in the company for 1.02M shares. Amica Pension Fund Board Of Trustees, a Rhode Island-based fund reported 5,281 shares. Da Davidson And has invested 0% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP). Fmr Ltd Com holds 0.01% or 3.16M shares in its portfolio. Jpmorgan Chase And Company has 1.28 million shares for 0.01% of their US portfolio. Proshare Ltd Com accumulated 0% or 9,603 shares. Weiss Multi holds 1.69% or 750,000 shares in its portfolio. The Switzerland-based Credit Suisse Ag has invested 0.02% in Hudson Pacific Properties Inc (NYSE:HPP). Investec Asset Mngmt Ltd accumulated 0.01% or 35,498 shares. Amica Retiree Medical Trust reported 817 shares or 0.02% of all its holdings. Ubs Asset Management Americas reported 191,991 shares or 0.01% of all its holdings. Guggenheim Ltd accumulated 0.01% or 136,859 shares.

Insider Transactions: Since May 19, 2016, the stock had 0 insider purchases, and 1 sale for $24.40 million net activity. $268,600 worth of Hudson Pacific Properties Inc (NYSE:HPP) was bought by COLEMAN VICTOR J. FRIED RICHARD B sold $24.40M worth of stock.

More important 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 published article titled: “Hudson Pacific Properties Sells San Bruno Office Campus for $215 Million to …”, Businesswire.com published: “Hudson Pacific Properties Announces Acquisition and Disposition Activities” on June 06, 2016. More interesting news about Hudson Pacific Properties Inc (NYSE:HPP) was released by: Businesswire.com and their article: “Hudson Pacific Properties Leases 75000 Square Feet to Qualys at Metro Center …” with publication date: October 20, 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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