Hudson Pacific Properties Inc (NYSE:HPP) – Equities research analysts at DA Davidson upped their FY2019 earnings per share estimates for shares of Hudson Pacific Properties in a research report issued to clients and investors on Tuesday. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will post earnings of $2.10 per share for the year, up from their previous forecast of $2.08.
Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $189.33 million during the quarter, compared to analysts’ expectations of $189.63 million. Hudson Pacific Properties had a net margin of 10.14% and a return on equity of 1.81%. 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 posted $0.46 EPS.
HPP has been the subject of several other research reports. Wells Fargo & Co upgraded shares of Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Friday. Zacks Investment Research cut shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Goldman Sachs Group cut shares of Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. Barclays dropped their target price on shares of Hudson Pacific Properties from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Tuesday, January 30th. Finally, Sandler O’Neill cut shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $37.29.
Shares of Hudson Pacific Properties (NYSE:HPP) traded up $1.04 during trading on Thursday, hitting $31.70. 1,438,406 shares of the company’s stock traded hands, compared to its average volume of 1,144,621. The company has a market cap of $4,737.98, a PE ratio of 69.68, a price-to-earnings-growth ratio of 2.62 and a beta of 0.70. Hudson Pacific Properties has a 52 week low of $28.25 and a 52 week high of $36.75. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.62.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. bought a new stake in shares of Hudson Pacific Properties in the 4th quarter valued at $113,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Hudson Pacific Properties in the 2nd quarter valued at $214,000. MANA Advisors LLC acquired a new position in Hudson Pacific Properties in the 4th quarter worth $280,000. Creative Planning acquired a new position in Hudson Pacific Properties in the 4th quarter worth $317,000. Finally, Royal Bank of Canada boosted its stake in Hudson Pacific Properties by 60.7% in the 2nd quarter. Royal Bank of Canada now owns 9,386 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 3,544 shares during the period.
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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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