Hudson Pacific Properties Inc. (HPP) Stock Price Up 0.9%
Shares of Hudson Pacific Properties Inc. (NYSE:HPP) rose 0.9% on Wednesday . The company traded as high as $33.57 and last traded at $33.45, with a volume of 398,395 shares. The stock had previously closed at $33.15.
HPP has been the topic of a number of research reports. BTIG Research initiated coverage on shares of Hudson Pacific Properties in a report on Thursday, August 25th. They issued a “buy” rating and a $38.00 target price on the stock. KeyCorp restated a “buy” rating and issued a $37.00 target price on shares of Hudson Pacific Properties in a report on Sunday, May 15th. Zacks Investment Research downgraded shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. Barclays PLC boosted their target price on shares of Hudson Pacific Properties from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, July 19th. Finally, Mizuho upgraded shares of Hudson Pacific Properties from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Friday, July 22nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $36.00.
The company’s market capitalization is $3.23 billion. The stock’s 50 day moving average is $33.00 and its 200-day moving average is $29.48.
Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Thursday, August 4th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company had revenue of $154.30 million for the quarter, compared to analysts’ expectations of $151.59 million. Equities analysts anticipate that Hudson Pacific Properties Inc. will post $1.76 earnings per share for the current year.
In other Hudson Pacific Properties news, Director Richard B. Fried sold 804,627 shares of the stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $30.32, for a total transaction of $24,396,290.64. Following the completion of the transaction, the director now owns 20,559 shares of the company’s stock, valued at $623,348.88. The sale was disclosed in a legal filing with the SEC, which is available at this link.
An institutional investor recently raised its position in Hudson Pacific Properties stock. Ameriprise Financial Inc. increased its position in Hudson Pacific Properties Inc. (NYSE:HPP) by 37.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,913 shares of the real estate investment trust’s stock after buying an additional 19,404 shares during the period. Ameriprise Financial Inc. owned 0.08% of Hudson Pacific Properties worth $2,024,000 as of its most recent SEC filing.
Hudson Pacific Properties, Inc is a full-service, vertically integrated real estate investment trust (REIT). The Company 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.
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