Hudson Pacific Properties (NYSE:HPP) has climbed 1.32% in the past week and advanced 5.29% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.54% and the outperformance has advanced to 4.33% for the last 4 weeks period.
Hudson Pacific Properties (NYSE:HPP): The stock opened at $29.19 on Friday but the bulls could not build on the opening and the stock topped out at $29.27 for the day. The stock traded down to $28.80 during the day, due to lack of any buying support eventually closed down at $29.08 with a loss of -0.14% for the day. The stock had closed at $29.12 on the previous day. The total traded volume was 4,485,260 shares.
The company shares have dropped -1.12% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $31.84 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $28.67 and the 200 Day Moving Average price is recorded at $27.42.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Hudson Pacific Properties, Inc., Glaser Jonathan M, had purchased 3,000 shares in a transaction dated on May 19, 2016. The transaction was executed at $26.88 per share with total amount equaling $80,640.
Many analysts have stated their opinion on the company shares. Cowen & Company initiates coverage on Hudson Pacific Properties (NYSE:HPP) The brokerage firm has issued a Market Perform rating on the shares. The Analysts at the ratings agency announces the price target to $30 per share. The rating by the firm was issued on March 28, 2016. Currently the company Insiders own 13.35% of Hudson Pacific Properties shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 7.85% . Institutional Investors own 94.33% of Hudson Pacific Properties shares. During last six month period, the net percent change held by insiders has seen a change of 3.35%.
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 Companys 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.