First Mercantile Trust Co Lowers stake in Hudson Pacific Properties Inc (HPP)

Hudson Pacific Properties Inc (HPP) : First Mercantile Trust Co reduced its stake in Hudson Pacific Properties Inc by 12.94% during the most recent quarter end. The investment management company now holds a total of 13,450 shares of Hudson Pacific Properties Inc which is valued at $433,897 after selling 2,000 shares in Hudson Pacific Properties Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Hudson Pacific Properties Inc makes up approximately 0.06% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in HPP by selling 15,710 shares or 35.46% in the most recent quarter. The Hedge Fund company now holds 28,591 shares of HPP which is valued at $914,626.

Hudson Pacific Properties Inc opened for trading at $32.27 and hit $32.6 on the upside on Friday, eventually ending the session at $32.26, with a gain of 0.47% or 0.15 points. The heightened volatility saw the trading volume jump to 8,26,598 shares. Company has a market cap of $3,850 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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