Farallon Capital Management Lowers stake in Hudson Pacific Properties Inc (HPP)

Hudson Pacific Properties Inc (HPP) : Farallon Capital Management reduced its stake in Hudson Pacific Properties Inc by 16.58% during the most recent quarter end. The investment management company now holds a total of 3,019,244 shares of Hudson Pacific Properties Inc which is valued at $101,839,100 after selling 600,000 shares in Hudson Pacific Properties Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Hudson Pacific Properties Inc makes up approximately 1.90% of Farallon Capital Management’s portfolio.

Other Hedge Funds, Including , Weiss Multi-strategy Advisers added HPP to its portfolio by purchasing 750,000 company shares during the most recent quarter which is valued at $25,297,500. Hudson Pacific Properties Inc makes up approx 1.13% of Weiss Multi-strategy Advisers’s portfolio. 1832 Asset Management added HPP to its portfolio by purchasing 85,000 company shares during the most recent quarter which is valued at $2,867,050. Hudson Pacific Properties Inc makes up approx 0.01% of 1832 Asset Management’s portfolio.Raymond James Associates reduced its stake in HPP by selling 1,484 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 51,020 shares of HPP which is valued at $1,720,905. Hudson Pacific Properties Inc makes up approx 0.01% of Raymond James Associates’s portfolio.Blackrock Advisors boosted its stake in HPP in the latest quarter, The investment management firm added 3,783 additional shares and now holds a total of 38,974 shares of Hudson Pacific Properties Inc which is valued at $1,314,593.Blackrock Group Ltd boosted its stake in HPP in the latest quarter, The investment management firm added 18,611 additional shares and now holds a total of 265,729 shares of Hudson Pacific Properties Inc which is valued at $8,963,039.

Hudson Pacific Properties Inc opened for trading at $33.5 and hit $33.7 on the upside on Thursday, eventually ending the session at $33.57, with a gain of 0.30% or 0.1 points. The heightened volatility saw the trading volume jump to 7,29,930 shares. Company has a market cap of $4,006 M.

Many Wall Street Analysts have commented on Hudson Pacific Properties Inc. Company shares were Reiterated by DA Davidson on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $37 .Company shares were Reiterated by Mizuho on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $37 .Mizuho Upgraded Hudson Pacific Properties Inc on Jul 22, 2016 to ” Buy”, Price Target of the shares are set at $37.

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.

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