Hudson Pacific Properties, Inc. Common Stock (HPP)
3.2100
+0.0600 (1.90%)
Hudson Pacific Properties is a real estate investment trust (REIT) that specializes in the acquisition, development, and management of high-quality office and studio properties, primarily in West Coast markets
The company focuses on creating innovative workspaces that cater to the needs of technology and media tenants, enhancing the working environment with modern design and amenities. Through strategic partnerships and sustainable practices, Hudson Pacific Properties aims to provide exceptional real estate solutions while maximizing shareholder value and fostering community connections.
Famed investor Michael Burry, known for his prescient bet against the housing market before the 2008 financial crisis, has made significant changes to his hedge fund's portfolio in the second quarter of 2024.
HPP stock results show that Hudson Pacific Properties missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.
Bond yields drop on expectations of Fed rate cut, leading to lowest mortgage rates in over a year and surge in mortgage applications for both new and refinancing loans.
Inflation unexpectedly surges, shattering hopes for Fed rate cuts & sending stocks down. Core inflation also exceeded expectations. No sector escapes losses, with real estate hit hardest.
