Wells Fargo Maintains a Hold Rating on Hudson Pacific Properties

By Jason Carr

In a report released yesterday, Blaine Heck from Wells Fargo maintained a Hold rating on Hudson Pacific Properties (NYSE: HPP), with a price target of $34.50. The company’s shares closed yesterday at $34.87, close to its 52-week high of $35.59.

Hudson Pacific Properties has an analyst consensus of Moderate Buy.

The company has a one year high of $35.59 and a one year low of $22.77. Currently, Hudson Pacific Properties has an average volume of 917.1K.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2016, Victor Coleman, the CEO of HPP bought 10,000 shares for a total of $268,600.

Hudson Pacific Properties, Inc. owns, operates, and acquires office, media, and entertainment properties. It operates through the Office Properties, and Media and Entertainment Properties segments. The Office Properties segment manages 54 office properties located in California and Pacific Northwest. The Media and Entertainment segment includes the Sunset Gower and Sunset Bronson properties. The company was founded on November 9, 2009 and is headquartered in Los Angeles, CA.