Large Outflow of Money Witnessed in Hudson Pacific Properties

Hudson Pacific Properties (HPP) : The value of composite uptick trades was $7.24 million, whereas, the value of composite downtick trades was $13.94 million. The uptick to downtick ratio stood at 0.52 with a negative money flow of ($6.71) Million during Fridays trading session. The block trades money flow was negative ($7.06 million).The uptick to the downtick ratio of 0.18 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $1.54 million. The transaction of the trades on downticks amounted to $8.6 million, which confirms investors selling on the strength of price. Hudson Pacific Properties (HPP) gained 44 cents at $32.65, an increase of 1.37% over the previous days close.


Hudson Pacific Properties (HPP) : 7 investment research analysts covering Hudson Pacific Properties (HPP) have an average price target of $36.14 for the near short term. The highest target price given by the Brokerage Firm to the stock is $38 and the lowest target is $33 for the short term. Analysts expect the variance to be within $2.19 of the average price.

Hudson Pacific Properties (NYSE:HPP): stock turned positive on Friday. Though the stock opened at $32.36, the bulls momentum made the stock top out at $32.84 level for the day. The stock recorded a low of $32.33 and closed the trading day at $32.65, in the green by 1.37%. The total traded volume for the day was 1,528,788. The stock had closed at $32.21 in the previous days trading.

In a related news,The director of Hudson Pacific Properties, Inc., Fried Richard B sold 804,627 shares at $30.32 on July 21, 2016. The Insider selling transaction had a total value worth of $24,396,291. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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