Baird Initiates Coverage on Hudson Pacific Properties Inc to Outperform

Baird Initiates Coverage on Hudson Pacific Properties Inc(NYSE:HPP). The shares have been rated Outperform. The rating by Baird was issued on Jun 30, 2016.

Hudson Pacific Properties Inc (HPP) made into the market gainers list on Tuesdays trading session with the shares advancing 0.41% or 0.12 points. Due to strong positive momentum, the stock ended at $29.46, which is also near the day’s high of $29.5. The stock began the session at $29.22 and the volume stood at 5,12,311 shares. The 52-week high of the shares is $31.84 and the 52 week low is $22.77. The company has a current market capitalization of $2,652 M and it has 9,00,08,521 shares in outstanding.

Hudson Pacific Properties Inc(HPP) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $153.54M. Analysts had an estimated revenue of $151.05M. Earnings per share were $0.43. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On May 20, 2016, Jonathan M Glaser (director) purchased 3,000 shares at $26.88 per share price.Also, On May 20, 2016, Barry Alan Porter (director) purchased 5,000 shares at $27.61 per share price.On May 20, 2016, Victor J Coleman (CEO) purchased 10,000 shares at $26.86 per share price, according to the Form-4 filing with the securities and exchange commission.

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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