The CAO of Hudson Pacific Properties (NYSE: HPP) is Selling Shares

Today, the CAO of Hudson Pacific Properties (NYSE: HPP), Harout Krikor Diramerian, sold shares of HPP for $349.7K.

Following Harout Krikor Diramerian’s last HPP Sell transaction on June 08, 2017, the stock climbed by 1.4%.

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Based on Hudson Pacific Properties’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $170 million and quarterly net profit of $48.74 million. In comparison, last year the company earned revenue of $161 million and had a net profit of $20.67 million. HPP’s market cap is $5.41B and the company has a P/E ratio of 57.43. Currently, Hudson Pacific Properties has an average volume of 568.4K.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $36.80, reflecting a -4.8% downside.

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Hudson Pacific Properties, Inc. is areal estate company. It owns, operates, develops and acquires office, media, and entertainment properties. The company operates through two segments: Office Properties and Media & Entertainment Properties. The Office Properties segment manages office properties located in California and Pacific Northwest.