Equities research analysts expect Hudson Pacific Properties Inc (NYSE:HPP) to announce $197.28 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Hudson Pacific Properties’ earnings, with estimates ranging from $193.74 million to $200.81 million. Hudson Pacific Properties reported sales of $174.12 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.3%. The company is expected to issue its next earnings report on Thursday, May 2nd.
According to Zacks, analysts expect that Hudson Pacific Properties will report full-year sales of $806.54 million for the current financial year, with estimates ranging from $786.51 million to $818.46 million. For the next year, analysts expect that the company will post sales of $864.65 million, with estimates ranging from $834.64 million to $884.28 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Hudson Pacific Properties.
Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, February 14th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.39). The firm had revenue of $198.43 million for the quarter, compared to analysts’ expectations of $183.38 million. Hudson Pacific Properties had a return on equity of 2.51% and a net margin of 13.47%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS.
HPP has been the topic of a number of research reports. Sandler O’Neill upgraded shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating in a research report on Friday, February 15th. Robert W. Baird upgraded shares of Hudson Pacific Properties from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 8th. Goldman Sachs Group upgraded shares of Hudson Pacific Properties from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $40.00 in a research report on Monday, March 11th. TheStreet upgraded shares of Hudson Pacific Properties from a “c+” rating to a “b” rating in a research note on Thursday, February 14th. Finally, Zacks Investment Research downgraded shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. Hudson Pacific Properties has an average rating of “Buy” and an average price target of $38.29.
Hedge funds have recently made changes to their positions in the business. Utah Retirement Systems lifted its holdings in shares of Hudson Pacific Properties by 1.9% during the fourth quarter. Utah Retirement Systems now owns 32,965 shares of the real estate investment trust’s stock worth $958,000 after purchasing an additional 600 shares during the period. Eaton Vance Management raised its position in Hudson Pacific Properties by 3.5% during the 4th quarter. Eaton Vance Management now owns 21,416 shares of the real estate investment trust’s stock worth $622,000 after buying an additional 728 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Hudson Pacific Properties by 0.6% in the 4th quarter. Eagle Asset Management Inc. now owns 136,509 shares of the real estate investment trust’s stock worth $3,966,000 after acquiring an additional 810 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Hudson Pacific Properties by 1.9% in the 4th quarter. State of Alaska Department of Revenue now owns 67,280 shares of the real estate investment trust’s stock worth $1,954,000 after acquiring an additional 1,227 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of Hudson Pacific Properties by 4.5% in the fourth quarter. Amalgamated Bank now owns 29,450 shares of the real estate investment trust’s stock valued at $856,000 after acquiring an additional 1,273 shares in the last quarter.
Shares of HPP stock traded up $0.11 during trading hours on Friday, hitting $34.85. The stock had a trading volume of 648,720 shares, compared to its average volume of 687,779. The company has a market capitalization of $5.40 billion, a P/E ratio of 18.74, a PEG ratio of 2.92 and a beta of 0.73. Hudson Pacific Properties has a twelve month low of $27.12 and a twelve month high of $36.06. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.74.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.87%. Hudson Pacific Properties’s payout ratio is 53.76%.
Hudson Pacific Properties Company Profile
Hudson Pacific Properties is a visionary real estate investment trust that owns and operates more than 17 million square feet of marquee office and studio properties. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more.
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