Hudson Pacific Properties, Inc. (HPP): Richard B Fried , 10% owner other of Hudson Pacific Properties, Inc. sold 482,777 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $29.08 per share for a total value of $14039155 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 18, 2016, Richard B Fried (10% owner other) sold 482,777 shares at $29.08 per share price.On May 17, 2016, Jonathan M Glaser (director) purchased 15,000 shares at $28.24 per share price.Also, On Aug 20, 2015, Harout Krikor Diramerian (Chief Accounting Officer) sold 4,885 shares at $31.63 per share price.
Shares of Hudson Pacific Properties Inc (HPP) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.48 points or -1.74% at $27.16 with 11,37,190 shares getting traded. Post opening the session at $27.61, the shares hit an intraday low of $26.7875 and an intraday high of $27.61 and the price vacillated in this range throughout the day. The company has a market cap of $2,445 M and the number of outstanding shares has been calculated to be 9,00,08,521 shares. The 52-week high of Hudson Pacific Properties Inc is $31.84 and the 52-week low is $22.77.
Company has been under the radar of several Street Analysts.Hudson Pacific Properties Inc is Reiterated by Mizuho to Neutral and the brokerage firm has raised the Price Target to $ 28 from a previous price target of $26 .The Rating was issued on May 6, 2016.Hudson Pacific Properties Inc is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 33 from a previous price target of $30 .The Rating was issued on Mar 24, 2016.
Hudson Pacific Properties Inc. is a real estate investment trust (REIT). The Company is a real estate company focused on owning operating and acquiring office properties and media and entertainment properties in markets in Northern and Southern California and the Pacific Northwest. Its portfolio includes office properties comprising approximately 5.9 million square feet and media and entertainment properties comprising approximately 0.9 million square feet of sound-stage office and supporting production facilities. Its segments include office properties and media and entertainment properties. The Company’s office properties include First & King Met Park North Northview Rincon Center 275 Brannan Street 901 Market Street Del Amo Office Building 6922 Hollywood 10900 Washington and 3401 Exposition among others. Its media and entertainment properties segment includes two properties the Sunset Gower property and the Sunset Bronson property.