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

Hudson Pacific Properties (NYSE:HPP) is scheduled to be releasing 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Hudson Pacific Properties had a negative net margin of 19.20% and a negative return on equity of 5.74%. The company had revenue of $223.42 million for the quarter, compared to the consensus estimate of $223.93 million. During the same period in the prior year, the firm posted $0.49 EPS. Hudson Pacific Properties’s revenue for the quarter was down 17.2% on a year-over-year basis. 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 Performance

Shares of HPP stock opened at $5.99 on Wednesday. The company’s 50-day moving average is $6.43 and its 200 day moving average is $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 price-to-earnings ratio of -4.37, a price-to-earnings-growth ratio of 0.50 and a beta of 1.31. Hudson Pacific Properties has a one year low of $4.05 and a one year high of $9.85.

Hudson Pacific Properties Dividend Announcement

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

Insider Buying and Selling at Hudson Pacific Properties

In other news, Director Barry A. Sholem acquired 40,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were acquired at an average price of $6.69 per share, for a total transaction of $267,600.00. Following the completion of the transaction, the director now directly owns 70,176 shares of the company’s stock, valued at approximately $469,477.44. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other 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 transaction, the executive now directly owns 116,694 shares in the company, valued at $829,694.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Barry A. Sholem acquired 40,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was 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 of the company’s stock, valued at $469,477.44. The disclosure for this purchase can be found here. Company insiders own 2.95% of the company’s stock.

Wall Street Analyst Weigh In

HPP has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Hudson Pacific Properties from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, January 4th. Morgan Stanley dropped their price objective on shares of Hudson Pacific Properties from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. Piper Sandler dropped their price objective on shares of Hudson Pacific Properties from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. 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 report on Monday, March 18th. Finally, Jefferies Financial Group raised shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $6.00 to $12.00 in a report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.05.

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.