Media stories about Hudson Pacific Properties (NYSE:HPP) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hudson Pacific Properties earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 47.180169634162 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research firms have recently issued reports on HPP. Mizuho reissued a “hold” rating and set a $32.00 price target on shares of Hudson Pacific Properties in a research report on Thursday, January 25th. Citigroup began coverage on Hudson Pacific Properties in a research report on Tuesday, February 27th. They set a “buy” rating and a $37.00 price target on the stock. Barclays dropped their price target on 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. Sandler O’Neill downgraded 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. Finally, Zacks Investment Research downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $36.88.
HPP stock traded down $0.44 during trading on Friday, reaching $31.59. 690,854 shares of the company traded hands, compared to its average volume of 809,099. Hudson Pacific Properties has a 12 month low of $28.25 and a 12 month high of $36.14. The company has a market cap of $4,949.49, a P/E ratio of 15.87, a PEG ratio of 2.68 and a beta of 0.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.32 and a quick ratio of 1.32.
Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. Hudson Pacific Properties had a return on equity of 1.81% and a net margin of 10.14%. The company had revenue of $189.33 million for the quarter, compared to the consensus estimate of $189.63 million. During the same quarter last year, the company earned $0.46 earnings per share. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. analysts anticipate that Hudson Pacific Properties will post 1.91 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Monday, March 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Friday, March 16th. Hudson Pacific Properties’s payout ratio is currently 50.25%.
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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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