Equities analysts expect Hudson Pacific Properties Inc (NYSE:HPP) to report earnings of $0.53 per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Hudson Pacific Properties’ earnings, with estimates ranging from $0.51 to $0.54. Hudson Pacific Properties posted earnings of $0.49 per share during the same quarter last year, which would indicate a positive year over year growth rate of 8.2%. The business is scheduled to report its next earnings report on Thursday, February 13th.
According to Zacks, analysts expect that Hudson Pacific Properties will report full year earnings of $2.03 per share for the current year, with EPS estimates ranging from $2.02 to $2.03. For the next year, analysts anticipate that the firm will post earnings of $2.18 per share, with EPS estimates ranging from $2.12 to $2.22. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Hudson Pacific Properties.
Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.04). The firm had revenue of $208.20 million during the quarter, compared to analyst estimates of $204.82 million. Hudson Pacific Properties had a return on equity of 1.27% and a net margin of 5.94%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS.
A number of brokerages recently issued reports on HPP. Robert W. Baird set a $40.00 price objective on Hudson Pacific Properties and gave the stock a “buy” rating in a report on Wednesday, August 21st. Goldman Sachs Group began coverage on Hudson Pacific Properties in a report on Friday, November 8th. They set a “buy” rating and a $41.00 price target on the stock. BTIG Research set a $40.00 price objective on shares of Hudson Pacific Properties and gave the company a “buy” rating in a research note on Friday, October 18th. Barclays set a $42.00 target price on shares of Hudson Pacific Properties and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, Zacks Investment Research cut shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $40.60.
In related news, EVP Sanford Dale Shimoda sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $35.52, for a total transaction of $177,600.00. Following the sale, the executive vice president now owns 93,971 shares of the company’s stock, valued at approximately $3,337,849.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.95% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Quantum Capital Management bought a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at about $51,000. Point72 Hong Kong Ltd grew its stake in Hudson Pacific Properties by 17.7% in the second quarter. Point72 Hong Kong Ltd now owns 3,992 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 601 shares in the last quarter. M&T Bank Corp bought a new position in Hudson Pacific Properties in the second quarter valued at approximately $218,000. Creative Planning increased its position in shares of Hudson Pacific Properties by 5.3% during the 2nd quarter. Creative Planning now owns 8,038 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 408 shares during the last quarter. Finally, Comerica Bank increased its position in shares of Hudson Pacific Properties by 5.4% during the 3rd quarter. Comerica Bank now owns 7,784 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 398 shares during the last quarter.
Shares of HPP traded up $0.07 during mid-day trading on Wednesday, reaching $35.90. 39,561 shares of the company’s stock traded hands, compared to its average volume of 516,244. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.02 and a current ratio of 1.02. The business’s 50-day moving average price is $34.97 and its 200-day moving average price is $34.22. The stock has a market capitalization of $5.55 billion, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 3.29 and a beta of 0.63. Hudson Pacific Properties has a 12 month low of $27.12 and a 12 month high of $36.47.
Hudson Pacific Properties Company Profile
Hudson Pacific Properties is a visionary real estate investment trust that owns and operates more than 17 million square feet of marquee office and studio properties. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more.
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