Oppenheimer Asset Management Inc. Takes Position in Hudson Pacific Properties, Inc. (HPP)

Oppenheimer Asset Management Inc. Takes Position in Hudson Pacific Properties, Inc. (HPP)”

(NYSE:HPP) has been given an average recommendation of "Buy" by the ten brokerages that are now covering the firm, Marketbeat reports. Two analysts have issued estimates for Hudson Pacific Properties' earnings. Hospitality Properties Trust has a 52 week low of $26.06 and a 52 week high of $32.68.

02/28/2017 - Hudson Pacific Properties, Inc. was downgraded to "neutral" by analysts at UBS. The firm is expected to report its next earnings report on Thursday, August 3rd.

Hudson Pacific Properties (NYSE:HPP) previously issued its earnings report on Early Thur, May 4th. During the same quarter in the prior year, the business posted $0.93 EPS.

California Public Employees Retirement System increased its stake in shares of Hudson Pacific Properties, Inc. The business had revenue of $168.30 million during the quarter, compared to analyst estimates of $173.93 million.

Returns and Valuations for Hudson Pacific Properties, Inc.

BXP has been the topic of a number of research analyst reports. The company presently has a consensus rating of "Buy" and an average price target of $38.44. BidaskClub upgraded Hudson Pacific Properties from a "sell" rating to a "hold" rating in a research report on Saturday, June 10th. Barclays PLC lifted their price objective on Hudson Pacific Properties from $39.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, April 19th. BlackRock Inc. now owns 53,382,888 shares of the real estate investment trust's stock worth $1,237,416,000 after buying an additional 51,065,960 shares in the last quarter. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company's stock.

COPYRIGHT VIOLATION NOTICE: This story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of US & worldwide copyright & trademark law. Finally, Alliancebernstein L.P. increased its stake in General Growth Properties by 87.6% in the first quarter. (NYSE:HPP) ended its day at $32.68 with the rising stream of 0.21% and its total traded volume was 1.16 million shares more than the average volume. Hudson Pacific Properties, now trading -6.11% below its 20-day and -4.52% versus the 200-day simple moving averages while -4.02% compared with its 50-day simple moving average. Hudson Pacific Properties, Inc. has a 52-week low of $29.16 and a 52-week high of $36.75.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Tuesday, June 20th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.81%. Boston Properties's dividend payout ratio is now 111.11%.

In related news, CFO Mark T. Lammas sold 65,963 shares of the company's stock in a transaction that occurred on Monday, June 12th. Following the sale, the executive vice president now directly owns 85,872 shares in the company, valued at approximately $3,080,228.64. The sale was disclosed in a legal filing with the SEC, which is available through this link.

In other news, insider Alex Vouvalides sold 6,500 shares of the business's stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $35.87, for a total transaction of $179,350.00. Investors who are keeping close eye on the stock of Public Service Enterprise Group Incorporated (NYSE:PEG) established that the company was able to keep return on investment at 1.48 in the trailing twelve month while Reuters data showed that industry's average stands at 10.21 and sector's optimum level is 6.77. The disclosure for this sale can be found here. Over the last three months, insiders have sold 169,549 shares of company stock valued at $5,981,459. As of December 31, 2016, the Company owned 306 hotels with 46,583 rooms or suites, and 198 travel centers. An investor looking to avoid high risk investments would contain avoided speculative stocks during dot-com bubble based on beta measurements. Vanguard Group Inc. increased its stake in General Growth Properties by 1.5% in the first quarter. BlackRock Inc. now owns 14,650,487 shares of the real estate investment trust's stock valued at $1,939,871,000 after buying an additional 14,048,513 shares during the period.

The share price of Hudson Pacific Properties, Inc. FMR LLC increased its stake in Hudson Pacific Properties by 18.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,729,336 shares of the real estate investment trust's stock worth $129,184,000 after buying an additional 1,853,786 shares in the last quarter. Nomura Asset Management Co. State of Alaska Department of Revenue now owns 75,420 shares of the real estate investment trust's stock valued at $2,611,000 after buying an additional 27,540 shares during the period. American Century Companies Inc. raised its stake in Hudson Pacific Properties by 10.3% in the first quarter. Nuveen Asset Management LLC now owns 1,968,038 shares of the real estate investment trust's stock worth $68,173,000 after buying an additional 1,452,589 shares during the last quarter.

12/16/2014 - Sandler O'Neill began new coverage on Hudson Pacific Properties, Inc. giving the company a "buy" rating. The Company operates as a holding company, which is engaged in the operation, development and management of retail and other rental properties, primarily regional malls.

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