Hudson Pacific Properties Inc (HPP) Receives $38.50 Consensus PT from Analysts
Hudson Pacific Properties Inc (NYSE:HPP) has been given a consensus recommendation of “Buy” by the ten analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $38.80.
HPP has been the topic of several recent research reports. Zacks Investment Research raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Thursday, November 15th. Bank of America reaffirmed a “buy” rating and issued a $37.00 price objective (down from $41.00) on shares of Hudson Pacific Properties in a report on Friday, November 30th. Robert W. Baird raised shares of Hudson Pacific Properties from a “neutral” rating to an “outperform” rating in a report on Tuesday, January 8th. Sandler O’Neill raised shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating in a report on Friday, February 15th. Finally, TheStreet raised shares of Hudson Pacific Properties from a “c+” rating to a “b” rating in a report on Thursday, February 14th.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in shares of Hudson Pacific Properties by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 1,943,883 shares of the real estate investment trust’s stock valued at $56,489,000 after purchasing an additional 102,653 shares during the period. Norges Bank acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at $45,526,000. Amalgamated Bank lifted its stake in shares of Hudson Pacific Properties by 4.5% in the 4th quarter. Amalgamated Bank now owns 29,450 shares of the real estate investment trust’s stock valued at $856,000 after purchasing an additional 1,273 shares during the period. Northwood Liquid Management LP acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at $20,680,000. Finally, Zimmer Partners LP acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at $36,543,000.
Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Thursday, February 14th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.39). The business had revenue of $198.43 million during the quarter, compared to analysts’ expectations of $183.38 million. Hudson Pacific Properties had a net margin of 13.47% and a return on equity of 2.51%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. As a group, analysts expect that Hudson Pacific Properties will post 2 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Monday, March 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Friday, March 15th. Hudson Pacific Properties’s dividend payout ratio (DPR) is currently 53.76%.
About Hudson Pacific Properties
Hudson Pacific Properties is a visionary real estate investment trust that owns and operates more than 17 million square feet of marquee office and studio properties. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more.
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