The stock of Hudson Pacific Properties Inc (NYSE:HPP) is a huge mover today! About 252,129 shares traded hands. Hudson Pacific Properties Inc (NYSE:HPP) has risen 16.69% since April 26, 2016 and is uptrending. It has outperformed by 11.43% the S&P500.
The move comes after 6 months positive chart setup for the $4.91B company. It was reported on Nov, 29 by Barchart.com. We have $37.39 PT which if reached, will make NYSE:HPP worth $294.60 million more.
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 $64.04 million for 19.17 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. Hudson Pacific Properties has been the topic of 21 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, November 2 by UBS. Mizuho upgraded the stock to “Buy” rating in Monday, November 7 report. DA Davidson maintained Hudson Pacific Properties Inc (NYSE:HPP) on Friday, August 5 with “Buy” rating. The stock has “Buy” rating given by Cantor Fitzgerald on Thursday, August 27. The stock of Hudson Pacific Properties Inc (NYSE:HPP) has “Overweight” rating given on Thursday, March 24 by Barclays Capital. Cowen & Co initiated it with “Market Perform” rating and $30 target price in Monday, March 28 report. The stock of Hudson Pacific Properties Inc (NYSE:HPP) earned “Hold” rating by Zacks on Monday, August 10. The stock of Hudson Pacific Properties Inc (NYSE:HPP) has “Buy” rating given on Friday, August 5 by Mizuho. The firm has “Overweight” rating by Barclays Capital given on Tuesday, July 19. The firm earned “Buy” rating on Friday, July 22 by Mizuho.
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 worsened, 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.
Credit Suisse Ag owns 648,193 shares or 0.02% of their US portfolio. Creative Planning accumulated 0% or 16 shares. Blackrock Fund Advisors, a California-based fund reported 1.89 million shares. Bancorporation Of America Corporation De has 0% invested in the company for 215,219 shares. Art Advsrs Ltd, a New York-based fund reported 25,780 shares. Forum Ltd has invested 4.84% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP). Blackrock Investment Mngmt Limited Liability accumulated 323,204 shares or 0.01% of the stock. Sg Americas Securities Limited Liability Co last reported 7,772 shares in the company. Tudor Invest Corporation Et Al has 52,944 shares for 0.03% of their US portfolio. Shinko Asset Limited, a Japan-based fund reported 2.29M shares. Ftb Advisors accumulated 0% or 839 shares. Daiwa Securities Grp has 3,300 shares for 0% of their US portfolio. Teacher Retirement Sys Of Texas has 12,714 shares for 0% of their US portfolio. Bancorp Of Montreal Can, a Ontario – Canada-based fund reported 6,682 shares. Martingale Asset L P, a Massachusetts-based fund reported 41,000 shares.
Insider Transactions: Since July 21, 2016, the stock had 0 insider purchases, and 1 sale for $24.40 million net activity. Shares for $24.40 million were sold by FRIED RICHARD B on Thursday, July 21.
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.
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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