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

Hudson Pacific Properties (NYSE:HPP) will release its earnings data 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 interested in participating in the company’s earnings conference call can do so using this link.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The company 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%. The business’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. 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 Stock Up 3.7 %

Shares of NYSE HPP opened at $5.93 on Tuesday. The business has a 50-day moving average price of $6.34 and a 200 day moving average price of $6.87. The stock has a market cap of $837.02 million, a PE ratio of -4.31, a price-to-earnings-growth ratio of 0.48 and a beta of 1.31. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.31. Hudson Pacific Properties has a 52-week low of $4.05 and a 52-week high of $9.85.

Hudson Pacific Properties Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have weighed in on HPP shares. Jefferies Financial Group upgraded Hudson Pacific Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $6.00 to $12.00 in a research note on Tuesday, January 2nd. Wolfe Research raised shares of Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 price objective on the stock in a research note on Monday, March 18th. Piper Sandler reduced their target price on shares of Hudson Pacific Properties from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Wedbush lowered shares of Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $11.00 to $7.50 in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group raised their price objective on shares of Hudson Pacific Properties from $7.10 to $10.60 and gave the company a “neutral” rating in a research report on Thursday, January 11th. 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. According to MarketBeat.com, Hudson Pacific Properties has a consensus rating of “Hold” and an average target price of $9.05.

Insiders Place Their Bets

In related news, Director Barry A. Sholem purchased 40,000 shares of Hudson Pacific Properties stock in a transaction dated Wednesday, February 21st. The stock was bought at an average cost of $6.69 per share, for a total transaction of $267,600.00. Following the transaction, the director now owns 70,176 shares in the company, valued at $469,477.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Hudson Pacific Properties news, 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 value of $71,100.00. Following the sale, the executive now owns 116,694 shares of the company’s stock, valued at $829,694.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barry A. Sholem acquired 40,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were acquired at an average cost of $6.69 per share, with a total value of $267,600.00. Following the completion of the purchase, the director now owns 70,176 shares in the company, valued at $469,477.44. The disclosure for this purchase can be found here. 3.92% of the stock is currently owned by company insiders.

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.