Hudson Pacific Properties, Inc. (HPP): Richard B Fried , director of Hudson Pacific Properties, Inc. sold 804,627 shares on Jul 21, 2016. The Insider selling transaction was reported by the company on Jul 21, 2016 to the Securities and Exchange Commission. The shares were sold at $30.32 per share for a total value of $2439629 , 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 20, 2016, Jonathan M Glaser (director) purchased 3,000 shares at $26.88 per share price.On May 20, 2016, Barry Alan Porter (director) purchased 5,000 shares at $27.61 per share price.Also, On May 20, 2016, Victor J Coleman (CEO) purchased 10,000 shares at $26.86 per share price.On May 18, 2016, Richard B Fried (10% owner other) sold 482,777 shares at $29.08 per share price.
Hudson Pacific Properties Inc: On Wednesday, Jul 20, 2016 heightened volatility was witnessed in Hudson Pacific Properties Inc which led to swings in the share price. The shares opened for trading at $31.94 and hit $32.19 on the upside , eventually ending the session at $32.14, with a gain of 1.01% or 0.32 points. The heightened volatility saw the trading volume jump to 23,53,165 shares. The 52-week high of the share price is $32.19 and the company has a market cap of $2,893 M . The 52-week low of the share price is at $22.77.
Company has been under the radar of several Street Analysts.Hudson Pacific Properties Inc is Initiated by Robert W. Baird to Outperform and the brokerage firm has set the Price Target at $38. The Rating was issued on Jun 30, 2016.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 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.