Hudson Pacific Properties Inc (HPP) was Upgraded by Mizuho to ” Buy” and the brokerage firm has set the Price Target at $37. Earlier the firm had a rating of “Neutral ” on the company shares. Mizuho advised their investors in a research report released on Jul 22, 2016.
Many Wall Street Analysts have commented on Hudson Pacific Properties Inc. Robert W. Baird Initiated Hudson Pacific Properties Inc on Jun 30, 2016 to “Outperform”, Price Target of the shares are set at $38.Company shares were Reiterated by Mizuho on May 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .
Hudson Pacific Properties Inc opened for trading at $31.94 and hit $32.19 on the upside on Wednesday, 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. Company has a market cap of $2,893 M.
In a different news, on May 20, 2016, Jonathan M Glaser (director) purchased 3,000 shares at $26.88 per share price. According to the SEC, on May 20, 2016, Barry Alan Porter (director) purchased 5,000 shares at $27.61 per share price. On May 20, 2016, Victor J Coleman (CEO) purchased 10,000 shares at $26.86 per share price, according to the Form-4 filing with the securities and exchange commission.
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.