Brokerage Firm Rating Update on Hudson Pacific Properties (HPP)

Hudson Pacific Properties (HPP) : 8 analysts are covering Hudson Pacific Properties (HPP) and their average rating on the stock is 1.31, which is read as a Strong Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Hudson Pacific Properties (HPP) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Hudson Pacific Properties (HPP) : 7 investment research analysts covering Hudson Pacific Properties (HPP) have an average price target of $37.43 for the near short term. The highest target price given by the Brokerage Firm to the stock is $40 and the lowest target is $33 for the short term. Analysts expect the variance to be within $2.3 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, BTIG Research initiates coverage on Hudson Pacific Properties (NYSE:HPP). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $38 per share. The rating by the firm was issued on August 25, 2016.

Hudson Pacific Properties (NYSE:HPP): The stock opened at $33.93 and touched an intraday high of $34.38 on Wednesday. During the day, the stock corrected to an intraday low of $33.75, however, the bulls stepped in and pushed the price higher to close in the green at $34.33 with a gain of 1.48% for the day. The total traded volume for the day was 770,379. The stock had closed at $33.83 in the previous trading session.

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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