Hudson Pacific Properties (HPP) has risen sharply, recording gains of 1.32% in the past 4 weeks. However, the stock has corrected -1.93% 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 0.93% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Hudson Pacific Properties, Inc. is up 20.6% in the last 3-month period. Year-to-Date the stock performance stands at 19.23%. The stock has recorded a 20-day Moving Average of 0.95% and the 50-Day Moving Average is 6.51%.
Hudson Pacific Properties (NYSE:HPP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.68 and $32.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.08, notching a gain of 1.13% for the day. The total traded volume was 1,194,358 . The stock had closed at $32.71 on the previous day.
Also, Mizuho Securities upgrades its rating on Hudson Pacific Properties (NYSE:HPP). Analysts at the Mizuho Securities have a current rating of Buy on the shares. The shares were previously rated Neutral. 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.