Worth Watching: Hudson Pacific Properties Inc Stock Is An 52-Week High Flier

Worth Watching: Hudson Pacific Properties Inc Stock Is An 52 Week High Flier

The stock of Hudson Pacific Properties Inc (NYSE:HPP) hit a new 52-week high and has $37.20 target or 8.00% above today’s $34.44 share price. The 6 months bullish chart indicates low risk for the $4.20B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $37.20 price target is reached, the company will be worth $336.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 765,974 shares traded hands. Hudson Pacific Properties Inc (NYSE:HPP) has risen 14.19% since April 25, 2016 and is uptrending. It has outperformed by 8.18% the S&P500.

Analysts await Hudson Pacific Properties Inc (NYSE:HPP) to report earnings on February, 23. They expect $0.46 EPS, up 4.55% or $0.02 from last year’s $0.44 per share. HPP’s profit will be $56.00 million for 18.71 P/E if the $0.46 EPS becomes a reality. After $0.46 actual EPS reported by Hudson Pacific Properties Inc for the previous quarter, Wall Street now forecasts 0.00% 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. $40 is the highest target while $9 is the lowest. The $33.33 average target is -3.22% below today’s ($34.44) stock price. Hudson Pacific Properties has been the topic of 21 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Robert W. Baird initiated it with “Outperform” rating and $38 target price in Thursday, June 30 report. The stock of Hudson Pacific Properties Inc (NYSE:HPP) earned “Buy” rating by Mizuho on Monday, November 7. The rating was upgraded by Mizuho on Friday, July 22 to “Buy”. The firm has “Buy” rating given on Monday, November 2 by UBS. Barclays Capital maintained Hudson Pacific Properties Inc (NYSE:HPP) rating on Thursday, March 24. Barclays Capital has “Overweight” rating and $33 price target. The firm earned “Hold” rating on Monday, August 10 by Zacks. The firm earned “Neutral” rating on Tuesday, February 2 by Mizuho. On Friday, December 4 the stock rating was upgraded by Morgan Stanley to “Overweight”. The stock of Hudson Pacific Properties Inc (NYSE:HPP) has “Buy” rating given on Friday, August 5 by Mizuho. The stock of Hudson Pacific Properties Inc (NYSE:HPP) earned “Buy” rating by Cantor Fitzgerald on Thursday, August 27.

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 Q2 2016. 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.
Rhumbline Advisers accumulated 0.01% or 105,850 shares. Principal Incorporated holds 0% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP) for 10,489 shares. Blackrock Limited Liability Com holds 38,974 shares or 0% of its portfolio. Da Davidson last reported 0% of its portfolio in the stock. Moreover, Teachers Insur And Annuity Association Of America has 0.11% invested in Hudson Pacific Properties Inc (NYSE:HPP) for 88,667 shares. Eii Cap Mngmt holds 2.36% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP) for 276,300 shares. Financial Bank Of Mellon Corp has invested 0.03% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP). Vanguard last reported 13.26 million shares in the company. Nuveen Asset Management Limited Com, a Illinois-based fund reported 1.02 million shares. Proshare Advisors has invested 0% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP). Royal Commercial Bank Of Canada holds 0% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP) for 21,676 shares. Visium Asset Mgmt Ltd Partnership holds 0.57% or 279,250 shares in its portfolio. Numeric Invsts Lc holds 0.26% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP) for 1.00 million shares. California State Teachers Retirement Sys, a California-based fund reported 164,830 shares. State Of New Jersey Common Pension Fund D accumulated 0.06% or 415,500 shares.

Insider Transactions: Since July 21, 2016, the stock had 0 buys, and 1 sale for $24.40 million net activity. $24.40 million worth of Hudson Pacific Properties Inc (NYSE:HPP) was sold by FRIED RICHARD B on Thursday, July 21.

More notable 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 with their article: “Hudson Pacific Properties and Canada Pension Plan Investment Board Acquire …” published on October 10, 2016, 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) were released by: Businesswire.com and their article: “Hudson Pacific Properties Leases 75000 Square Feet to Qualys at Metro Center …” published on October 20, 2016 as well as Businesswire.com‘s news article titled: “Hudson Pacific Properties Sells Playa Vista Asset” with publication date: November 08, 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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