Wall Street brokerages predict that Hudson Pacific Properties Inc (NYSE:HPP) will announce $183.45 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Hudson Pacific Properties’ earnings, with the lowest sales estimate coming in at $181.09 million and the highest estimate coming in at $185.80 million. Hudson Pacific Properties reported sales of $167.20 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.7%. The firm is expected to report its next earnings results before the market opens on Thursday, February 15th.

According to Zacks, analysts expect that Hudson Pacific Properties will report full-year sales of $183.45 million for the current fiscal year, with estimates ranging from $719.90 million to $747.48 million. For the next year, analysts forecast that the firm will report sales of $745.49 million per share, with estimates ranging from $737.32 million to $751.55 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Hudson Pacific Properties.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $190.02 million for the quarter, compared to analysts’ expectations of $183.37 million. Hudson Pacific Properties had a net margin of 8.98% and a return on equity of 1.58%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share.

HPP has been the topic of several research analyst reports. Goldman Sachs Group initiated coverage on shares of Hudson Pacific Properties in a report on Tuesday, September 19th. They issued a “buy” rating and a $39.00 price target on the stock. KeyCorp reaffirmed a “buy” rating on shares of Hudson Pacific Properties in a report on Tuesday, September 26th. Zacks Investment Research raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Finally, Sandler O’Neill cut shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a report on Friday, January 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $37.67.

In related news, EVP Sanford Dale Shimoda sold 2,800 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $35.68, for a total value of $99,904.00. Following the transaction, the executive vice president now owns 83,072 shares of the company’s stock, valued at $2,964,008.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard B. Fried sold 17,417 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total value of $603,673.22. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. increased its stake in Hudson Pacific Properties by 1.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 17,932 shares of the real estate investment trust’s stock valued at $613,000 after acquiring an additional 336 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Hudson Pacific Properties by 2.1% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 75,904 shares of the real estate investment trust’s stock valued at $2,545,000 after buying an additional 1,582 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Hudson Pacific Properties by 27.9% during the third quarter. Advisors Asset Management Inc. now owns 11,489 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 2,509 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Hudson Pacific Properties by 11.6% during the third quarter. Pacer Advisors Inc. now owns 28,155 shares of the real estate investment trust’s stock valued at $944,000 after buying an additional 2,925 shares during the last quarter. Finally, Comerica Bank grew its stake in shares of Hudson Pacific Properties by 37.5% during the second quarter. Comerica Bank now owns 11,464 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 3,124 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Hudson Pacific Properties (NYSE:HPP) opened at $32.69 on Wednesday. The firm has a market cap of $5,129.72, a price-to-earnings ratio of 79.73, a PEG ratio of 2.67 and a beta of 0.79. Hudson Pacific Properties has a 1-year low of $31.52 and a 1-year high of $36.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.32.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Monday, December 18th were paid a $0.25 dividend. The ex-dividend date was Friday, December 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.06%. Hudson Pacific Properties’s dividend payout ratio is presently 243.90%.

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Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a real estate investment trust (REIT). The Company operates in two segments: office properties, and media and entertainment properties. The Company is focused on acquiring, repositioning, developing and operating office and media and entertainment properties in submarkets throughout Northern and Southern California and the Pacific Northwest.

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Earnings History and Estimates for Hudson Pacific Properties (NYSE:HPP)

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