The stock of Hudson Pacific Properties Inc (NYSE:HPP) reached all time high today, Nov, 29 and still has $37.25 target or 6.00% above today’s $35.14 share price. This indicates more upside for the $4.89 billion company. This technical setup was reported by Barchart.com. If the $37.25 PT is reached, the company will be worth $293.40 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 161,988 shares traded hands. Hudson Pacific Properties Inc (NYSE:HPP) has risen 16.69% since April 26, 2016 and is uptrending. It has outperformed by 11.43% the S&P500.
Analysts await Hudson Pacific Properties Inc (NYSE:HPP) to report earnings on February, 23. They expect $0.46 earnings per share, up 4.55% or $0.02 from last year’s $0.44 per share. HPP’s profit will be $64.01M for 19.10 P/E if the $0.46 EPS becomes a reality. After $0.46 actual earnings per share reported by Hudson Pacific Properties Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Hudson Pacific Properties Inc (NYSE:HPP) Ratings Coverage
Out of 10 analysts covering Hudson Pacific Properties (NYSE:HPP), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. $40 is the highest target while $9 is the lowest. The $33.33 average target is -5.15% below today’s ($35.14) stock price. Hudson Pacific Properties has been the topic of 21 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Monday, March 28, the company rating was initiated by Cowen & Co. As per Friday, August 5, the company rating was maintained by DA Davidson. The stock of Hudson Pacific Properties Inc (NYSE:HPP) earned “Neutral” rating by Mizuho on Tuesday, February 2. The stock of Hudson Pacific Properties Inc (NYSE:HPP) has “Buy” rating given on Friday, August 5 by Mizuho. The stock of Hudson Pacific Properties Inc (NYSE:HPP) has “Buy” rating given on Monday, November 2 by UBS. Zacks upgraded the stock to “Hold” rating in Monday, August 10 report. On Thursday, June 30 the stock rating was initiated by Robert W. Baird with “Outperform”. On Monday, November 7 the stock rating was upgraded by Mizuho to “Buy”. The stock of Hudson Pacific Properties Inc (NYSE:HPP) has “Neutral” rating given on Monday, January 11 by Credit Suisse. The rating was initiated by BTIG Research with “Buy” on Thursday, August 25.
According to Zacks Investment Research, “Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate company focused on owning, operating and acquiring office properties and media and entertainment properties in select growth markets primarily in Northern and Southern California. These markets include Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and the East Bay. The Company is headquartered in Los Angeles, California.”
Insitutional Activity: The institutional sentiment decreased to 1.45 in Q2 2016. Its down 1.12, from 2.57 in 2016Q1. The ratio is negative, as 6 funds sold all Hudson Pacific Properties Inc shares owned while 41 reduced positions. 34 funds bought stakes while 87 increased positions. They now own 101.57 million shares or 7.99% more from 94.06 million shares in 2016Q1.
Clearbridge Invs Limited Liability Corp, a New York-based fund reported 57,800 shares. Ellington Mngmt Grp Incorporated Llc holds 0.28% or 7,000 shares in its portfolio. Eaton Vance has 13,900 shares for 0% of their US portfolio. Interest Gp last reported 0% of its portfolio in the stock. Da Davidson And has invested 0% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP). Harrison Street Securities Ltd Liability Corp holds 13,589 shares or 1.29% of its portfolio. Price T Rowe Assocs Incorporated Md last reported 0% of its portfolio in the stock. The Illinois-based Kemper Master Retirement Tru has invested 0.37% in Hudson Pacific Properties Inc (NYSE:HPP). Zurcher Kantonalbank (Zurich Cantonalbank) holds 19,017 shares or 0.01% of its portfolio. Tower Research Cap Ltd Limited Liability Company (Trc) has invested 0.01% of its portfolio in Hudson Pacific Properties Inc (NYSE:HPP). Parametric Portfolio Associate Limited Liability Company has 0% invested in the company for 65,900 shares. Daiwa Secs Gru has 0% invested in the company for 3,300 shares. Jpmorgan Chase And Communication last reported 0.01% of its portfolio in the stock. Vanguard last reported 13.26 million shares in the company. Numeric Investors Llc, a Massachusetts-based fund reported 1.00 million shares.
Insider Transactions: Since July 21, 2016, the stock had 0 insider purchases, and 1 insider sale for $24.40 million net activity. FRIED RICHARD B sold $24.40M worth of Hudson Pacific Properties Inc (NYSE:HPP) on Thursday, July 21.
More recent Hudson Pacific Properties Inc (NYSE:HPP) news were published by: Streetinsider.com which released: “Hudson Pacific Properties (HPP) Prices $572.5M Primary, Secondary Common Stock …” on November 22, 2016. Also Businesswire.com published the news titled: “Hudson Pacific Properties and Canada Pension Plan Investment Board Acquire …” on October 10, 2016. Businesswire.com‘s news article titled: “Hudson Pacific Properties Announces Acquisition and Disposition Activities” with publication date: June 06, 2016 was also an interesting one.
HPP Company Profile
Hudson Pacific Properties, Inc., incorporated on November 9, 2009, is a full-service, vertically integrated real estate investment trust (REIT). The Firm is focused on owning, operating and acquiring office, and media and entertainment properties in select growth markets primarily in Northern and Southern California, and the Pacific Northwest. The Firm operates in two divisions: office properties, and media and entertainment properties. The Company’s investment strategy is focused on high barrier-to-entry, in-fill locations with favorable, long-term supply demand characteristics in select markets, including Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and Seattle, which it refers to as its target markets. The Company’s portfolio includes office properties, comprising an aggregate of approximately 14.0 million square feet, and media and entertainment properties, comprising approximately 0.9 million square feet of sound-stage, office and supporting production facilities. The Firm also owns undeveloped density rights for approximately 2.6 million square feet of future office space.
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