Hudson Pacific Properties (HPP) Receives Price Target

Hudson Pacific Properties (HPP) : The highest level Hudson Pacific Properties (HPP) is projected to reach is $40 for the short term and the lowest estimate is at $33. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $37.43 and the possibility the share price can swing is $2.3.

Hudson Pacific Properties (HPP) : Zacks Investment Research ranks Hudson Pacific Properties (HPP) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.31, which indicates as a Strong Buy.


Also, BTIG Research initiates coverage on Hudson Pacific Properties (NYSE:HPP). BTIG Research has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $38 per share. The rating by the firm was issued on August 25, 2016.

Hudson Pacific Properties (NYSE:HPP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.50 and $33.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.57, notching a gain of 0.30% for the day. The total traded volume was 729,930 . The stock had closed at $33.47 on the previous day.

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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