Equities analysts expect Hudson Pacific Properties Inc (NYSE:HPP) to announce earnings per share (EPS) of $0.48 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Hudson Pacific Properties’ earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.47. Hudson Pacific Properties posted earnings per share of $0.52 in the same quarter last year, which suggests a negative year over year growth rate of 7.7%. The firm is expected to issue its next earnings report on Thursday, February 21st.
According to Zacks, analysts expect that Hudson Pacific Properties will report full-year earnings of $1.86 per share for the current fiscal year, with EPS estimates ranging from $1.84 to $1.88. For the next year, analysts expect that the business will report earnings of $2.01 per share, with EPS estimates ranging from $1.95 to $2.05. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Hudson Pacific Properties.
Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.36). Hudson Pacific Properties had a return on equity of 2.93% and a net margin of 15.99%. The company had revenue of $180.70 million during the quarter, compared to the consensus estimate of $175.92 million. During the same quarter last year, the firm earned $0.50 EPS. The business’s revenue for the quarter was down 4.9% on a year-over-year basis.
Several research firms recently weighed in on HPP. Zacks Investment Research cut shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Scotiabank began coverage on shares of Hudson Pacific Properties in a research report on Tuesday, October 16th. They issued an “outperform” rating for the company. Robert W. Baird cut shares of Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research report on Tuesday, August 21st. TheStreet cut shares of Hudson Pacific Properties from a “b” rating to a “c+” rating in a research report on Wednesday, August 8th. Finally, Mizuho restated a “hold” rating and issued a $34.00 price objective on shares of Hudson Pacific Properties in a research report on Monday, August 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $38.00.
In other Hudson Pacific Properties news, Director Jonathan M. Glaser bought 1,957 shares of the stock in a transaction on Wednesday, November 7th. The stock was purchased at an average price of $30.11 per share, with a total value of $58,925.27. Following the acquisition, the director now owns 129,468 shares of the company’s stock, valued at $3,898,281.48. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christopher James Barton sold 20,166 shares of Hudson Pacific Properties stock in a transaction on Monday, September 10th. The stock was sold at an average price of $33.02, for a total transaction of $665,881.32. The disclosure for this sale can be found here. 1.93% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH grew its holdings in shares of Hudson Pacific Properties by 206.5% in the 1st quarter. Allianz Asset Management GmbH now owns 465,891 shares of the real estate investment trust’s stock valued at $15,155,000 after buying an additional 313,891 shares during the period. Winslow Asset Management Inc. grew its holdings in shares of Hudson Pacific Properties by 19.3% in the 2nd quarter. Winslow Asset Management Inc. now owns 143,908 shares of the real estate investment trust’s stock valued at $5,099,000 after buying an additional 23,260 shares during the period. Bank of Montreal Can acquired a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at $1,014,000. Fox Run Management L.L.C. acquired a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at $449,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at $277,000.
HPP stock traded up $0.05 during trading on Friday, hitting $31.14. The company had a trading volume of 1,080,506 shares, compared to its average volume of 1,124,204. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.30. Hudson Pacific Properties has a 12 month low of $28.25 and a 12 month high of $36.06. The stock has a market capitalization of $4.85 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67.
About Hudson Pacific Properties
Hudson Pacific Properties, Inc is areal estate company. It owns, operates, develops and acquires office, media, and entertainment properties. The company operates through two segments: Office Properties and Media & Entertainment Properties. The Office Properties segment manages office properties located in California and Pacific Northwest.
Further Reading: The Discount Rate – What You Need to Know
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hudson Pacific Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Pacific Properties and related companies with MarketBeat.com's FREE daily email newsletter.