Hudson Pacific Properties (HPP) to Release Quarterly Earnings on Wednesday

Hudson Pacific Properties (NYSE:HPP) is scheduled to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Parties interested in registering for the company’s 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 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $223.42 million during the quarter, compared to the consensus estimate 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 firm’s revenue was down 17.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. 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

HPP stock opened at $5.93 on Tuesday. The stock’s fifty day moving average is $6.34 and its two-hundred day moving average is $6.87. The stock has a market capitalization of $837.02 million, a price-to-earnings ratio of -4.31, a PEG ratio of 0.48 and a beta of 1.31. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.79 and a current ratio of 1.79. Hudson Pacific Properties has a 1 year low of $4.05 and a 1 year high of $9.85.

Hudson Pacific Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HPP shares. Jefferies Financial Group upgraded shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating and lifted their price objective for the company from $6.00 to $12.00 in a research note on Tuesday, January 2nd. BMO Capital Markets raised their price objective on shares of Hudson Pacific Properties from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Morgan Stanley cut their target price on Hudson Pacific Properties from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Thursday, March 28th. The Goldman Sachs Group upped their price target on shares of Hudson Pacific Properties from $7.10 to $10.60 and gave the company a “neutral” rating in a report on Thursday, January 11th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Hudson Pacific Properties presently has an average rating of “Hold” and an average target price of $9.05.

Insider Buying and Selling

In related news, CIO Drew Gordon sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $7.11, for a total value of $71,100.00. Following the completion of the sale, the executive now owns 116,694 shares in the company, valued at approximately $829,694.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Hudson Pacific Properties news, Director Barry A. Sholem bought 40,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were bought at an average price of $6.69 per share, with a total value of $267,600.00. Following the purchase, the director now directly owns 70,176 shares in the company, valued at approximately $469,477.44. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CIO Drew Gordon sold 10,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $7.11, for a total transaction of $71,100.00. Following the completion of the sale, the executive now directly owns 116,694 shares of the company’s stock, valued at $829,694.34. The disclosure for this sale can be found here. 3.92% of the stock is currently owned by company insiders.

About Hudson Pacific Properties

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.