Hudson Pacific Properties (HPP) Set to Announce Quarterly Earnings on Wednesday

Hudson Pacific Properties (NYSE:HPP) is scheduled to be announcing 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. 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 released its earnings results 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. Hudson Pacific Properties had a negative net margin of 19.20% and a negative return on equity of 5.74%. The business had revenue of $223.42 million for the quarter, compared to analysts’ expectations of $223.93 million. During the same period last year, the company earned $0.49 earnings per share. The company’s quarterly revenue 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 Price Performance

HPP opened at $5.72 on Monday. The company’s 50 day simple moving average is $6.34 and its 200 day simple moving average is $6.86. 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. The stock has a market capitalization of $807.35 million, a PE ratio of -4.18, a P/E/G ratio of 0.48 and a beta of 1.30.

Hudson Pacific Properties Dividend Announcement

The firm also recently declared a — dividend, which was paid on Thursday, March 28th. Shareholders 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 -14.60%.

Insider Buying and Selling at Hudson Pacific Properties

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 acquired at an average cost of $6.69 per share, with a total value 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 $469,477.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hudson Pacific Properties news, 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 transaction, the executive now owns 116,694 shares in the company, valued at $829,694.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Barry A. Sholem acquired 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was acquired at an average price of $6.69 per share, with a total value of $267,600.00. Following the completion of the transaction, the director now directly owns 70,176 shares in the company, valued at approximately $469,477.44. The disclosure for this purchase can be found here. Insiders own 2.95% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on HPP shares. BMO Capital Markets lifted their price target on shares of Hudson Pacific Properties from $12.00 to $13.00 and gave the company an “outperform” rating in a research 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 research note 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 research note on Friday, March 22nd. Wolfe Research upgraded shares of Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 price target for the company in a research note on Monday, March 18th. Finally, Wedbush downgraded shares of Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $11.00 to $7.50 in a report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Hudson Pacific Properties has an average rating of “Hold” and a consensus 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.