Hudson Pacific Properties Inc (NYSE:HPP) – Analysts at DA Davidson reduced their Q1 2018 earnings estimates for Hudson Pacific Properties in a research note issued to investors on Tuesday. DA Davidson analyst B. Oxford now expects that the real estate investment trust will earn $0.46 per share for the quarter, down from their prior estimate of $0.47. DA Davidson also issued estimates for Hudson Pacific Properties’ Q3 2018 earnings at $0.48 EPS, FY2018 earnings at $1.91 EPS, Q1 2019 earnings at $0.50 EPS, Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.53 EPS and Q4 2019 earnings at $0.55 EPS.
Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Mizuho reaffirmed a “hold” rating and set a $32.00 price target on shares of Hudson Pacific Properties in a research report on Thursday, January 25th. Sandler O’Neill lowered shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a research report on Friday, January 12th. Goldman Sachs Group lowered shares of Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. Finally, Barclays reduced their price target on shares of Hudson Pacific Properties from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $36.83.
Shares of Hudson Pacific Properties (NYSE:HPP) opened at $30.73 on Wednesday. The company has a market cap of $4,817.88, a P/E ratio of 69.84, a PEG ratio of 2.67 and a beta of 0.70. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.61. Hudson Pacific Properties has a 12-month low of $28.25 and a 12-month high of $36.75.
Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The firm had revenue of $189.33 million for the quarter, compared to analyst estimates of $189.63 million. Hudson Pacific Properties had a net margin of 25.85% and a return on equity of 3.57%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS.
Institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its holdings in Hudson Pacific Properties by 9.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,599,938 shares of the real estate investment trust’s stock valued at $53,646,000 after purchasing an additional 133,990 shares during the last quarter. Prudential Financial Inc. increased its holdings in Hudson Pacific Properties by 21.0% in the 3rd quarter. Prudential Financial Inc. now owns 2,487,091 shares of the real estate investment trust’s stock valued at $83,392,000 after purchasing an additional 431,834 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Hudson Pacific Properties by 4.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 118,636 shares of the real estate investment trust’s stock valued at $3,978,000 after purchasing an additional 4,740 shares during the last quarter. Honeywell International Inc. increased its holdings in Hudson Pacific Properties by 27.8% in the 3rd quarter. Honeywell International Inc. now owns 64,220 shares of the real estate investment trust’s stock valued at $2,153,000 after purchasing an additional 13,950 shares during the last quarter. Finally, Keeley Teton Advisors LLC acquired a new stake in Hudson Pacific Properties in the 3rd quarter valued at approximately $703,000.
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About Hudson Pacific Properties
Hudson Pacific Properties, Inc is a real estate investment trust (REIT). The Company operates in two segments: office properties, and media and entertainment properties. The Company is focused on acquiring, repositioning, developing and operating office and media and entertainment properties in submarkets throughout Northern and Southern California and the Pacific Northwest.
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