Hudson Pacific Properties (NYSE:HPP) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.84-1.88 for the period, compared to the Thomson Reuters consensus estimate of $1.85.
Several brokerages have recently commented on HPP. Zacks Investment Research downgraded Hudson Pacific Properties from a hold rating to a sell rating in a report on Saturday, October 27th. Scotiabank began coverage on Hudson Pacific Properties in a report on Tuesday, October 16th. They issued an outperform rating on the stock. Robert W. Baird downgraded Hudson Pacific Properties from an outperform rating to a neutral rating and set a $37.00 target price on the stock. in a report on Tuesday, August 21st. TheStreet downgraded Hudson Pacific Properties from a b rating to a c+ rating in a report on Wednesday, August 8th. Finally, Mizuho reissued a hold rating and issued a $34.00 target price on shares of Hudson Pacific Properties in a report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Hudson Pacific Properties has a consensus rating of Hold and an average price target of $38.00.
Shares of HPP traded down $0.24 on Friday, hitting $29.82. The company’s stock had a trading volume of 1,468,925 shares, compared to its average volume of 897,975. Hudson Pacific Properties has a fifty-two week low of $28.25 and a fifty-two week high of $36.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $4.74 billion, a P/E ratio of 14.98, a PEG ratio of 2.99 and a beta of 0.63.
Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.36). Hudson Pacific Properties had a return on equity of 2.76% and a net margin of 15.29%. The firm had revenue of $180.70 million for the quarter, compared to analyst estimates of $175.92 million. During the same period in the prior year, the company posted $0.50 EPS. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Hudson Pacific Properties will post 1.87 EPS for the current fiscal year.
In other Hudson Pacific Properties news, EVP Christopher James Barton sold 20,166 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $33.02, for a total transaction of $665,881.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan M. Glaser acquired 6,000 shares of Hudson Pacific Properties stock in a transaction on Wednesday, September 5th. The shares were purchased at an average cost of $32.97 per share, for a total transaction of $197,820.00. The disclosure for this purchase can be found here. 1.93% of the stock is currently owned by corporate insiders.
About Hudson Pacific Properties
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 value.
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