Hudson Pacific Properties (HPP) : Traders are bullish on Hudson Pacific Properties (HPP) as it has outperformed the S&P 500 by a margin of 9.7% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.58%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.22% in the last 1 week, and is up 17.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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 $32.36 and $32.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.65, notching a gain of 1.37% for the day. The total traded volume was 1,528,788 . The stock had closed at $32.21 on the previous day.
The stock has recorded a 20-day Moving Average of 9.26% and the 50-Day Moving Average is 13.07%. Hudson Pacific Properties, Inc. is up 11.52% in the last 3-month period. Year-to-Date the stock performance stands at 17.68%.
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.