Insider Change: Richard Fried Sold 1165918 shares of Hudson Pacific Properties Inc (NYSE:HPP) in an Insider Trade

November 30, 2016 - By Michael Collier

Insider Change: Richard Fried Sold 1165918 shares of Hudson Pacific Properties Inc (NYSE:HPP) in an Insider Trade

Richard Fried Insider Sell

The director of Hudson Pacific Properties Inc, Richard Fried is in the stock market news today. It was made public in a public document filled by Richard Fried and submitted to the (SEC) on 29-11-2016, he sold 1,165,918 shares from the Pinksheet-listed company valued at near $37,892,335 U.S Dollars. The reported shares average price was $32.5. This deal was pretty huge one, so clearly it won’t go undiscovered. Presently, Richard Fried has in hand 1.19 million shares or roughly 1.05% of the Company’s total market cap (Market Capitalization is a measurement of business value based on share price and number of shares outstanding).

Hudson Pacific Properties Inc (NYSE:HPP) Ratings Coverage

Out of 10 analysts covering Hudson Pacific Properties (NYSE:HPP), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. $40 is the highest target while $9 is the lowest. The $33.33 average target is -3.11% below today’s ($34.4) stock price. Hudson Pacific Properties has been the topic of 21 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of Hudson Pacific Properties Inc (NYSE:HPP) earned “Buy” rating by UBS on Monday, November 2. The rating was upgraded by Mizuho on Monday, November 7 to “Buy”. Barclays Capital maintained Hudson Pacific Properties Inc (NYSE:HPP) on Tuesday, July 19 with “Overweight” rating. The firm earned “Market Perform” rating on Monday, March 28 by Cowen & Co. The firm earned “Buy” rating on Thursday, August 27 by Cantor Fitzgerald. The firm has “Buy” rating by BTIG Research given on Thursday, August 25. On Friday, August 5 the stock rating was maintained by DA Davidson with “Buy”. Credit Suisse downgraded Hudson Pacific Properties Inc (NYSE:HPP) on Monday, January 11 to “Neutral” rating. The firm has “Buy” rating given on Friday, July 22 by Mizuho. The stock of Hudson Pacific Properties Inc (NYSE:HPP) earned “Hold” rating by Zacks on Monday, August 10.

Insitutional Activity: The institutional sentiment decreased to 1.45 in Q2 2016. Its down 1.12, from 2.57 in 2016Q1. The ratio is negative, as 6 funds sold all Hudson Pacific Properties Inc shares owned while 41 reduced positions. 34 funds bought stakes while 87 increased positions. They now own 101.57 million shares or 7.99% more from 94.06 million shares in 2016Q1.

Moreover, Century Cos has 0.02% invested in Hudson Pacific Properties Inc (NYSE:HPP) for 534,347 shares. Presima accumulated 6.45% or 1.40M shares. Moreover, Diam has 0.08% invested in Hudson Pacific Properties Inc (NYSE:HPP) for 195,340 shares. Heitman Real Estate Securities Lc accumulated 0.2% or 126,812 shares. Ellington Mngmt Group Lc has 0.28% invested in the company for 7,000 shares. Alliancebernstein Ltd Partnership last reported 166,848 shares in the company. Da Davidson And last reported 1,910 shares in the company. The New York-based Bnp Paribas Arbitrage Sa has invested 0.01% in Hudson Pacific Properties Inc (NYSE:HPP). The Illinois-based Grs Advsr Ltd Company has invested 5.84% in Hudson Pacific Properties Inc (NYSE:HPP). Wells Fargo & Mn accumulated 1.17 million shares or 0.01% of the stock. Aqr Capital Ltd holds 0.01% or 103,780 shares in its portfolio. Ig Limited accumulated 32,797 shares or 0% of the stock. Amer Intll Gp holds 45,196 shares or 0% of its portfolio. The Germany-based Deutsche Bank & Trust Ag has invested 0.08% in Hudson Pacific Properties Inc (NYSE:HPP). Moreover, California Employees Retirement Sys has 0.01% invested in Hudson Pacific Properties Inc (NYSE:HPP) for 174,700 shares.

Insider Transactions: Since July 21, 2016, the stock had 0 buys, and 1 insider sale for $24.40 million net activity. FRIED RICHARD B had sold 804,627 shares worth $24.40M.

About 92,810 shares traded hands. Hudson Pacific Properties Inc (NYSE:HPP) has risen 19.01% since April 27, 2016 and is uptrending. It has outperformed by 13.78% the S&P500.

Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate investment trust . The company has a market cap of $4.77 billion. The Firm is focused on owning, operating and acquiring office, and media and entertainment properties in select growth markets primarily in Northern and Southern California, and the Pacific Northwest. It currently has negative earnings. It operates in two divisions: office properties, and media and entertainment properties.

According to Zacks Investment Research, “Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate company focused on owning, operating and acquiring office properties and media and entertainment properties in select growth markets primarily in Northern and Southern California. These markets include Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and the East Bay. The Company is headquartered in Los Angeles, California.”

Analysts await Hudson Pacific Properties Inc (NYSE:HPP) to report earnings on February, 23. They expect $0.46 earnings per share, up 4.55% or $0.02 from last year’s $0.44 per share. HPP’s profit will be $63.78 million for 18.70 P/E if the $0.46 EPS becomes a reality. After $0.46 actual earnings per share reported by Hudson Pacific Properties Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More important recent Hudson Pacific Properties Inc (NYSE:HPP) news were published by: Streetinsider.com which released: “Hudson Pacific Properties (HPP) Prices $572.5M Primary, Secondary Common Stock ..” on November 22, 2016, also Businesswire.com published article titled: “Hudson Pacific Properties and Canada Pension Plan Investment Board Acquire ..”, Businesswire.com published: “Hudson Pacific Properties Announces Acquisition and Disposition Activities” on June 06, 2016. More interesting news about Hudson Pacific Properties Inc (NYSE:HPP) was released by: Businesswire.com and their article: “Hudson Pacific Properties Leases 75000 Square Feet to Qualys at Metro Center ..” with publication date: October 20, 2016.

HPP Company Profile

Hudson Pacific Properties, Inc., incorporated on November 9, 2009, is a full-service, vertically integrated real estate investment trust (REIT). The Firm is focused on owning, operating and acquiring office, and media and entertainment properties in select growth markets primarily in Northern and Southern California, and the Pacific Northwest. The Firm operates in two divisions: office properties, and media and entertainment properties. The Company’s investment strategy is focused on high barrier-to-entry, in-fill locations with favorable, long-term supply demand characteristics in select markets, including Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and Seattle, which it refers to as its target markets. The Company’s portfolio includes office properties, comprising an aggregate of approximately 14.0 million square feet, and media and entertainment properties, comprising approximately 0.9 million square feet of sound-stage, office and supporting production facilities. The Firm also owns undeveloped density rights for approximately 2.6 million square feet of future office space.

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