Zacks Investment Research downgraded Hudson Pacific Properties Inc (NYSE:HPP) to Hold in a report released today.
- Updated: September 17, 2016
Yesterday Hudson Pacific Properties Inc (NYSE:HPP) traded 1.35% higher at $32.87. Hudson Pacific Properties Inc’s 50-day moving average is $33.33 and its 200-day average is $30.03. The last close is up 7.59% relative to the two hundred day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time period. 3,366,274 shares of HPP traded, up from ann avg. volume of 1,170,070.
Zacks Investment Research has downgraded Hudson Pacific Properties Inc(NYSE:HPP) to Hold in a statement released 8/22/2016.
On 8/05/2016, D. A. Davidson reported about Hudson Pacific Properties Inc(NYSE:HPP) bumped the target price from $37.00 to $40.00. At the time, this indicated a possible upside of 0.19%.
Recent Performance Graphic:
Also covering Hudson Pacific Properties Inc’s price target, a total of 9 equity analysts have reported on the company. The average target stock price is $33.78 with two analysts rating the company a strong buy, five analysts rating the company a buy, three analysts rating the stock a hold, 0 rating the company to underperform, and finally 0 brokerages rating the company as sell.
Hudson Pacific Properties Inc has a one-year low of $22.77 and a one-year high of $34.38. Hudson Pacific Properties Inc’s market cap is presently $0.0.
Brief Synopsis On Hudson Pacific Properties Inc (NYSE:HPP)
Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate investment trust (REIT). The Company 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. It operates in two segments: office properties, and media and entertainment properties. Its 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. Its portfolio includes office properties, comprising an aggregate of approximately 14.0 million square feet, and media and entertainment properties, comprising over 0.9 million square feet of sound-stage, and office and supporting production facilities. It also owns undeveloped density rights for over 2.6 million square feet of future office space.