Hudson Pacific Properties Inc (NYSE:HPP) – Analysts at KeyCorp cut their FY2018 earnings per share estimates for Hudson Pacific Properties in a research note issued on Thursday, April 5th. KeyCorp analyst C. Mailman now expects that the real estate investment trust will post earnings per share of $1.91 for the year, down from their prior estimate of $1.92.
Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Citigroup assumed coverage on shares of Hudson Pacific Properties in a research report on Tuesday, February 27th. They issued a “buy” rating and a $37.00 price objective for the company. Sandler O’Neill restated a “hold” rating and issued a $33.00 price objective on shares of Hudson Pacific Properties in a research report on Friday, February 23rd. Wells Fargo upgraded shares of Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Friday, February 23rd. Finally, Barclays lowered their price objective on shares of Hudson Pacific Properties from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $36.88.
Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $189.33 million during the quarter, compared to analysts’ expectations of $189.63 million. Hudson Pacific Properties had a net margin of 10.14% and a return on equity of 1.81%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. increased its position in shares of Hudson Pacific Properties by 2.1% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 75,904 shares of the real estate investment trust’s stock valued at $2,545,000 after buying an additional 1,582 shares in the last quarter. Amalgamated Bank boosted its stake in Hudson Pacific Properties by 6.2% in the 4th quarter. Amalgamated Bank now owns 30,114 shares of the real estate investment trust’s stock worth $1,031,000 after purchasing an additional 1,768 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hudson Pacific Properties by 3.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,329 shares of the real estate investment trust’s stock worth $1,621,000 after purchasing an additional 1,780 shares during the period. Eagle Asset Management Inc. boosted its stake in Hudson Pacific Properties by 1.2% in the 4th quarter. Eagle Asset Management Inc. now owns 162,442 shares of the real estate investment trust’s stock worth $5,413,000 after purchasing an additional 1,960 shares during the period. Finally, Aperio Group LLC boosted its stake in Hudson Pacific Properties by 20.1% in the 4th quarter. Aperio Group LLC now owns 12,277 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 2,053 shares during the period.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Monday, March 19th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Friday, March 16th. Hudson Pacific Properties’s dividend payout ratio is currently 50.25%.
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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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