360° Coverage : Investors Snag HPP Even Cheaper Than Its Secondary Stock Offering

1 Updates

Investors Snag HPP Even Cheaper Than Its Secondary Stock Offering

Jan 27 2014, 11:14am CST | by

Looking back to 4 days ago, Hudson Pacific Properties Inc (NYSE: HPP) priced a 8,250,000 share secondary stock offering at $21.50 per share. Buyers in that offering made a considerable investment...

Filed under: news

 
 
 

30 weeks ago

Investors Snag HPP Even Cheaper Than Its Secondary Stock Offering

Jan 27 2014, 11:14am CST | by

Looking back to 4 days ago, Hudson Pacific Properties Inc (NYSE: HPP) priced a 8,250,000 share secondary stock offering at $21.50 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Monday, bargain hunters could buy shares of HPP and achieve a cost basis even cheaper than those buyers, with shares changing hands as low as $21.40 per share.

Click Here To See All Recent Secondary Stock Offerings »

Secondaries can often present buying opportunities for bullish investors interested in purchasing shares, because the sudden extra supply of stock tends to require that the offering be priced at an attractive discount to where the stock had previously been trading before the offering announcement. At last check, Hudson Pacific Properties Inc shares are currently trading down about 0.3% on the day. The chart below shows the one year performance of HPP shares, versus its 200 day moving average:

Looking at the chart above, HPP’s low point in its 52 week range is $18.95 per share, with $24.17 as the 52 week high point — that compares with a last trade of $21.43.

The current annualized dividend paid by Hudson Pacific Properties Inc is $0.50/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/18/2013. Below is a long-term dividend history chart for HPP, which can be of good help in judging whether the most recent dividend with approx. 2.3% annualized yield is likely to continue.


Special Offer: Try OLI Premium and get reports on Splits, Buybacks, and M&A daily

According to the ETF Finder at ETFChannel.com, HPP makes up 1.99% of the Guru Index ETF (AMEX: GURU) which is trading lower by about 0.5% on the day Monday.


Special Offer: Try OLI Premium and get reports on Splits, Buybacks, and M&A daily

Source: Forbes Business

/>/>/>/>
 
Update
1

1 hour ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH370 and MH17 ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Human trials of Ebola vaccine to start next week
Washinton, Aug 29 (IANS) The US government announced Thursday that it will start initial human trials of Ebola vaccine next week.
 
 
4,000 Gaza fishermen go fishing in six-mile area
Gaza, Aug 28 (IANS) As many as 4,000 fishermen in the Gaza Strip Thursday were able to go fishing in a expanded zone, previously restricted to just three miles by Israel, a senior Palestinian official said.
 
 
Number of Ebola cases may reach 20,000: WHO
Geneva, Aug 28 (IANS/EFE) The number of people infected with the Ebola virus in Western Africa could reach 20,000, six times more than the current estimates, the World Health Organisation (WHO) warned Thursday.
 
 
Trim down your 'side fat'
Los Angeles, Aug 28 (IANS) Eliminate that extra padding on the sides of your waist by doing the right moves, eating well and moving around.
 
 
 

Latest from the Network

Obama says mulling options against Islamic State
Washington, Aug 29 (IANS) US President Barack Obama said Thursday he has asked his administration to prepare a range of military options against the Islamic State (IS) militants in Iraq and Syria. At a press...
Read more on Politics Balla
 
Miley Cyrus invites Jesse Held to live with her
London, Aug 29 (IANS) Pop star Miley Cyrus is currently living with her homeless friend Jesse Held, whom she recently took to the MTV Video Music Awards. The "Wrecking Ball" singer shocked onlookers at the music...
Read more on Celebrity Balla
 
Over 50,000 remain in shelters in Gaza
United Nations, Aug 29 (IANS) At least 54,000 people still remained in 78 United Nations Relief and Works Agency (UNRWA) shelters in Gaza Strip, a UN official said. Stephane Dujarric, a UN spokesman, said at a daily...
Read more on Politics Balla
 
Jon Voight not invited to Angelina Jolie's wedding?
Jon Voight reportedly wasn't invited to Angelina Jolie and Brad Pitt's wedding last weekend. The 75-year-old actor allegedly wasn't aware that his daughter, whom he was estranged from for several years but reconciled...
Read more on Celebrity Balla
 
Bobbi Kristina Brown's husband charged with DUI
Bobbi Kristina Brown's husband has been charged with driving under the influence (DUI). Nick Gordon, 25, was arrested this morning (08.28.14) for allegedly drink-driving, failure to maintain a lane and driving with a...
Read more on Celebrity Balla
 
Christina Aguilera to lose 40lbs in 4 months?
Christina Aguilera wants to lose 40lbs in four months. The 33-year-old singer only gave birth to her daughter Summer Rain two weeks ago but she's reportedly already thinking about getting her pre-baby figure back. A...
Read more on Celebrity Balla
 
Blake Lively attacked by swarm of bees
Blake Lively was attacked by a swarm of bees last weekend. The 27-year-old actress was left ''swollen'' and ''shaken'' after she was stung by a group of the flying insects while shooting new content for her blog on...
Read more on Celebrity Balla
 
Alexa Chung may get a face lift?
Los Angeles, Aug 29 (IANS) Model Alexa Chung is worried about her wrinkled skin and says she has considered having a face lift in the future. The 30-year-old, who will turn 31 in November, says she worries about her...
Read more on Celebrity Balla
 
IS kills 160 Syrian soldiers in Syria: activists
Damascus, Aug 29 (IANS) The Islamic State (IS) militants killed more than 160 Syrian soldiers captured by them in Syria's northern province of al-Raqqa, activists said. The militants captured the Syrian soldiers while...
Read more on Politics Balla
 
EU to discuss further sanctions against Russia: Merkel
Berlin, Aug 29 (IANS) German Chancellor Angela Merkel announced Thursday that the European Union will discuss further sanctions against Russia on its special summit in Brussels Saturday. "We want diplomatic solutions...
Read more on Politics Balla