Wall Street analysts expect Hudson Pacific Properties, Inc. (NYSE:HPP) to report earnings per share (EPS) of $0.49 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Hudson Pacific Properties’ earnings. The lowest EPS estimate is $0.48 and the highest is $0.50. Hudson Pacific Properties reported earnings of $0.18 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 172.2%. The firm is expected to report its next earnings results on Thursday, February 15th.

On average, analysts expect that Hudson Pacific Properties will report full year earnings of $1.96 per share for the current financial year, with EPS estimates ranging from $1.93 to $1.97. For the next fiscal year, analysts forecast that the company will post earnings of $2.06 per share, with EPS estimates ranging from $1.97 to $2.14. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Hudson Pacific Properties.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. Hudson Pacific Properties had a net margin of 8.98% and a return on equity of 1.58%. The company had revenue of $190.02 million during the quarter, compared to the consensus estimate of $183.37 million. During the same quarter last year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis.

HPP has been the subject of a number of analyst reports. Barclays lifted their price objective on shares of Hudson Pacific Properties from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. BidaskClub raised shares of Hudson Pacific Properties from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. KeyCorp reissued a “buy” rating and issued a $39.00 price objective on shares of Hudson Pacific Properties in a research report on Friday, August 25th. Morgan Stanley decreased their price objective on shares of Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, September 1st. Finally, Goldman Sachs Group initiated coverage on shares of Hudson Pacific Properties in a report on Tuesday, September 19th. They set a “buy” rating and a $39.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Hudson Pacific Properties has an average rating of “Hold” and a consensus target price of $38.33.

In related news, insider Richard B. Fried sold 17,417 shares of Hudson Pacific Properties stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total transaction of $603,673.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sanford Dale Shimoda sold 2,800 shares of Hudson Pacific Properties stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $35.68, for a total transaction of $99,904.00. Following the sale, the executive vice president now directly owns 83,072 shares of the company’s stock, valued at approximately $2,964,008.96. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

A number of institutional investors have recently modified their holdings of HPP. Public Employees Retirement Association of Colorado acquired a new stake in Hudson Pacific Properties in the 2nd quarter worth about $168,000. Dynamic Technology Lab Private Ltd acquired a new stake in Hudson Pacific Properties in the 2nd quarter worth about $214,000. Advisors Asset Management Inc. raised its stake in Hudson Pacific Properties by 33.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 8,980 shares of the real estate investment trust’s stock worth $307,000 after purchasing an additional 2,238 shares in the last quarter. Ramsey Quantitative Systems acquired a new stake in Hudson Pacific Properties in the 2nd quarter worth about $310,000. Finally, Royal Bank of Canada raised 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 in the last quarter. Institutional investors and hedge funds own 99.66% of the company’s stock.

Shares of Hudson Pacific Properties (HPP) traded down $0.05 on Tuesday, hitting $34.69. 559,300 shares of the stock were exchanged, compared to its average volume of 1,175,984. Hudson Pacific Properties has a 52 week low of $31.52 and a 52 week high of $36.75. The company has a market cap of $5,421.55, a P/E ratio of 18.09, a PEG ratio of 2.93 and a beta of 0.78. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.61.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Monday, December 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Friday, December 15th. Hudson Pacific Properties’s payout ratio is 243.90%.

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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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Earnings History and Estimates for Hudson Pacific Properties (NYSE:HPP)

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