Hudson Pacific Properties (HPP) has risen sharply, recording gains of 8.7% in the past 4 weeks. However, the stock has corrected -0.44% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.59% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.16% and the 50-Day Moving Average is 10.47%. Hudson Pacific Properties (NYSE:HPP): stock turned positive on Friday. Though the stock opened at $33.52, the bulls momentum made the stock top out at $34.12 level for the day. The stock recorded a low of $33.52 and closed the trading day at $33.73, in the green by 0.75%. The total traded volume for the day was 993,180. The stock had closed at $33.48 in the previous days trading.
The company Insiders own 13.35% of Hudson Pacific Properties shares according to the proxy statements. Institutional Investors own 81.35% of Hudson Pacific Properties shares. During last six month period, the net percent change held by insiders has seen a change of 3.35%. Also, Major Brokerage house, Mizuho Securities upgrades its ratings on Hudson Pacific Properties (NYSE:HPP). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 22, 2016.
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.