Large Outflow of Money Witnessed in Hudson Pacific Properties

Hudson Pacific Properties (NYSE:HPP) managed to stay afloat and traded higher with an addition of 0.19 point or 0.66% at $28.89. The money flow data is a negative $(-2.76) million with $8.86 million in upticks and $11.62 million in downticks. The intraday up/down ratio came in at 0.76. The shares have seen 2.05% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $1.06 million and the combined worth of the downticks was $3.01, Million, leading to the up/down ratio of 0.35. The block trade saw a net money flow of $(-1.96) million.


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%. 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.

Hudson Pacific Properties (NYSE:HPP) : On Monday heightened volatility was witnessed in Hudson Pacific Properties (NYSE:HPP) which led to swings in the share price. The stock opened for trading at $28.96 and hit $29.48 on the upside , eventually ending the session at $28.89, with a gain of 0.66% or 0.19 points. The heightened volatility saw the trading volume jump to 1,971,786 shares. The 52-week high of the share price is $31.84 and the company has a market cap of $2,600 million. The 52-week low of the share price is at $22.77 .

Many analysts have stated their opinion on the company shares. Cowen & Company initiates coverage on Hudson Pacific Properties (NYSE:HPP). Cowen & Company has a Market Perform rating on the shares. As per the latest report, the brokerage house announces the price target to $30 per share. The rating by the firm was issued on March 28, 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 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.

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