Hudson Pacific Properties (HPP) Set to Announce 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. Investors that are interested in participating in the company’s conference call can do so using this link.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. Hudson Pacific Properties had a negative return on equity of 5.74% and a negative net margin of 19.20%. The business had revenue of $223.42 million for the quarter, compared to the consensus estimate of $223.93 million. During the same quarter in the previous year, the business earned $0.49 EPS. The company’s quarterly revenue was down 17.2% compared to the same quarter last year. 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 0.7 %

Shares of HPP opened at $5.72 on Monday. Hudson Pacific Properties has a 52 week low of $4.05 and a 52 week high of $9.85. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $807.35 million, a price-to-earnings ratio of -4.18, a PEG ratio of 0.48 and a beta of 1.30. The stock’s 50-day moving average price is $6.34 and its 200-day moving average price is $6.86.

Hudson Pacific Properties Announces Dividend

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

Insider Transactions at Hudson Pacific Properties

In other news, Director Barry A. Sholem bought 40,000 shares of the business’s stock in a transaction dated 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 owns 70,176 shares of the company’s stock, valued at $469,477.44. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Barry A. Sholem purchased 40,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were purchased at an average price of $6.69 per share, with a total value of $267,600.00. Following the completion of the acquisition, the director now directly owns 70,176 shares in the company, valued at approximately $469,477.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CIO Drew Gordon sold 10,000 shares of Hudson Pacific Properties 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 directly owns 116,694 shares in the company, valued at approximately $829,694.34. The disclosure for this sale can be found here. Insiders own 2.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HPP. Piper Sandler reduced their price target on Hudson Pacific Properties from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. BMO Capital Markets increased their price target on Hudson Pacific Properties from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, January 4th. The Goldman Sachs Group increased their price target on Hudson Pacific Properties from $7.10 to $10.60 and gave the company a “neutral” rating in a report on Thursday, January 11th. Morgan Stanley lowered their price objective 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. Finally, Wedbush lowered Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $11.00 to $7.50 in a research report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.05.

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.