Hudson Pacific Properties Inc (NYSE:HPP) EVP Arthur X. Suazo sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $35.53, for a total value of $355,300.00. Following the transaction, the executive vice president now directly owns 102,995 shares in the company, valued at $3,659,412.35. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Hudson Pacific Properties opened at $35.26 on Friday, Marketbeat Ratings reports. The company has a market capitalization of $5.52 billion, a PE ratio of 17.72, a P/E/G ratio of 3.35 and a beta of 0.70. Hudson Pacific Properties Inc has a 52 week low of $28.25 and a 52 week high of $36.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.37 and a quick ratio of 1.37.
Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.15). The business had revenue of $174.12 million during the quarter, compared to the consensus estimate of $173.65 million. Hudson Pacific Properties had a net margin of 13.47% and a return on equity of 2.44%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 earnings per share. equities research analysts predict that Hudson Pacific Properties Inc will post 1.91 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Tuesday, June 19th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, June 18th. Hudson Pacific Properties’s dividend payout ratio is presently 50.25%.
A number of research analysts recently weighed in on the company. Wells Fargo & Co raised Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Friday, February 23rd. Zacks Investment Research downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Thursday, April 26th. Robert W. Baird increased their price objective on Hudson Pacific Properties to $34.00 and gave the stock an “outperform” rating in a research note on Monday, May 7th. Bank of America increased their price objective on Hudson Pacific Properties from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, May 25th. Finally, Barclays reissued a “buy” rating and issued a $38.00 price objective on shares of Hudson Pacific Properties in a research note on Tuesday, April 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $37.82.
Hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. bought a new position in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $113,000. MANA Advisors LLC bought a new position in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $280,000. Xact Kapitalforvaltning AB bought a new position in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $353,000. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Hudson Pacific Properties in the first quarter valued at approximately $390,000. Finally, Aperio Group LLC grew its holdings in shares of Hudson Pacific Properties by 20.1% in the fourth quarter. Aperio Group LLC now owns 12,277 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 2,053 shares in the last quarter.
Hudson Pacific Properties Company Profile
Hudson Pacific Properties is a vertically integrated real estate Company focused on acquiring, repositioning, developing and operating high-quality office and state-of-the-art studio properties in select West Coast markets. Hudson Pacific invests across the risk-return spectrum, favoring opportunities where it can employ leasing, capital investment and management expertise to create additional value.
Receive News & Ratings for Hudson Pacific Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Pacific Properties and related companies with MarketBeat.com's FREE daily email newsletter.