Hudson Pacific Properties (HPP) Scheduled to Post Earnings on Wednesday

Hudson Pacific Properties (NYSE:HPP) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Hudson Pacific Properties to post earnings of $0.16 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Monday, February 12th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $223.42 million for the quarter, compared to analyst estimates of $223.93 million. Hudson Pacific Properties had a negative return on equity of 5.74% and a negative net margin of 19.20%. Hudson Pacific Properties’s revenue was down 17.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. On average, analysts expect Hudson Pacific Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hudson Pacific Properties Trading Up 1.5 %

Shares of HPP opened at $5.99 on Wednesday. The stock has a fifty day moving average of $6.43 and a two-hundred day moving average of $6.87. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $845.46 million, a PE ratio of -4.37, a price-to-earnings-growth ratio of 0.50 and a beta of 1.31. Hudson Pacific Properties has a fifty-two week low of $4.05 and a fifty-two week high of $9.85.

Hudson Pacific Properties Dividend Announcement

The firm also recently declared a — dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were issued a $0.05 dividend. The ex-dividend date was Friday, March 15th. Hudson Pacific Properties’s dividend payout ratio (DPR) is presently -14.60%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. BMO Capital Markets upped their price objective on Hudson Pacific Properties from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. BTIG Research increased their price target on Hudson Pacific Properties from $11.00 to $13.00 and gave the company a “buy” rating in a report on Friday, December 29th. Piper Sandler lowered their price target on Hudson Pacific Properties from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. The Goldman Sachs Group increased their price target on Hudson Pacific Properties from $7.10 to $10.60 and gave the company a “neutral” rating in a report on Thursday, January 11th. Finally, Wolfe Research raised shares of Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 price objective for the company in a research report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.05.

Insider Buying and Selling

In related news, Director Barry A. Sholem purchased 40,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were acquired at an average cost of $6.69 per share, for a total transaction of $267,600.00. Following the acquisition, the director now directly owns 70,176 shares in the company, valued at approximately $469,477.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Barry A. Sholem bought 40,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was purchased at an average price of $6.69 per share, with a total value of $267,600.00. Following the transaction, the director now directly owns 70,176 shares in the company, valued at $469,477.44. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CIO Drew Gordon sold 10,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $7.11, for a total transaction of $71,100.00. Following the transaction, the executive now directly owns 116,694 shares of the company’s stock, valued at approximately $829,694.34. The disclosure for this sale can be found here. Company insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.