Hudson Pacific Properties Inc (HPP) Receives Average Rating of “Hold” from Brokerages
Hudson Pacific Properties Inc (NYSE:HPP) has received a consensus rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $37.33.
HPP has been the subject of a number of recent research reports. KeyCorp reiterated a “buy” rating on shares of Hudson Pacific Properties in a research note on Tuesday, September 26th. Goldman Sachs Group initiated coverage on Hudson Pacific Properties in a research note on Tuesday, September 19th. They set a “buy” rating and a $39.00 price objective for the company. Finally, Zacks Investment Research upgraded Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Monday, November 6th.
In other news, EVP Sanford Dale Shimoda sold 2,800 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $35.68, for a total value of $99,904.00. Following the completion of the transaction, the executive vice president now owns 83,072 shares in the company, valued at $2,964,008.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard B. Fried sold 17,417 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $34.66, for a total value of $603,673.22. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of HPP. Dynamic Technology Lab Private Ltd purchased a new position in shares of Hudson Pacific Properties in the second quarter worth $214,000. Ramsey Quantitative Systems purchased a new position in shares of Hudson Pacific Properties in the second quarter worth $310,000. Royal Bank of Canada raised its stake in shares of Hudson Pacific Properties by 60.7% in the second 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 during the last quarter. Comerica Bank raised its stake in shares of Hudson Pacific Properties by 37.5% in the second quarter. Comerica Bank now owns 11,464 shares of the real estate investment trust’s stock worth $367,000 after purchasing an additional 3,124 shares during the last quarter. Finally, Pensionfund Sabic bought a new stake in shares of Hudson Pacific Properties in the third quarter worth $369,000. Hedge funds and other institutional investors own 99.48% of the company’s stock.
Hudson Pacific Properties (NYSE HPP) opened at $33.46 on Monday. The stock has a market capitalization of $5,221.79, a price-to-earnings ratio of 81.61, a price-to-earnings-growth ratio of 2.69 and a beta of 0.79. Hudson Pacific Properties has a one year low of $31.52 and a one year high of $36.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.32 and a current ratio of 1.32.
Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.50. The business had revenue of $190.02 million during the quarter, compared to analysts’ expectations of $183.37 million. Hudson Pacific Properties had a return on equity of 1.58% and a net margin of 8.98%. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. equities research analysts forecast that Hudson Pacific Properties will post 1.96 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Monday, December 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Friday, December 15th. Hudson Pacific Properties’s dividend payout ratio is currently 243.90%.
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Hudson Pacific Properties Company Profile
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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