Analyst Price Target Update on Hudson Pacific Properties (NYSE:HPP)

Hudson Pacific Properties (NYSE:HPP): 6 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $34.17 in Hudson Pacific Properties (NYSE:HPP). However, the stock price could fluctuate by $ 3.6 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $37 price target with the lower price estimate is calculated at $28

Many analysts have stated their opinion on the company shares. Cowen & Company initiates coverage on Hudson Pacific Properties (NYSE:HPP). Cowen & Company has a Market Perform rating on the shares. As per the latest report, the brokerage house announces the price target to $30 per share. The rating by the firm was issued on March 28, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Hudson Pacific Properties, Inc., Glaser Jonathan M, had purchased 3,000 shares in a transaction dated on May 19, 2016. The transaction was executed at $26.88 per share with total amount equaling $80,640.

Hudson Pacific Properties (NYSE:HPP) : On Monday heightened volatility was witnessed in Hudson Pacific Properties (NYSE:HPP) which led to swings in the share price. The stock opened for trading at $28.96 and hit $29.48 on the upside , eventually ending the session at $28.89, with a gain of 0.66% or 0.19 points. The heightened volatility saw the trading volume jump to 1,971,786 shares. The 52-week high of the share price is $31.84 and the company has a market cap of $2,600 million. The 52-week low of the share price is at $22.77 .

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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