Hudson Pacific Properties Inc. (HPP) Announces Quarterly Dividend of $0.13
Hudson Pacific Properties (NYSE:HPP) declared a quarterly dividend on Tuesday, September 10th, AR Network reports. Investors of record on Friday, September 20th will be given a dividend of $0.125 per share on Monday, September 30th. This represents a $0.50 dividend on an annualized basis and a yield of 2.54%.
A number of research firms have recently commented on HPP. Analysts at Barclays Capital cut their price target on shares of Hudson Pacific Properties (NYSE:HPP) from $23.00 to $22.00 in a research note to investors on Tuesday, August 20th. They now have an “overweight” rating on the stock. On the ratings front, analysts at Zacks upgraded shares of Hudson Pacific Properties (NYSE:HPP) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. They now have a $21.70 price target on the stock. Finally, analysts at Zacks downgraded shares of Hudson Pacific Properties (NYSE:HPP) from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, July 9th. They now have a $19.80 price target on the stock.
One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.70.
Shares of Hudson Pacific Properties (NYSE:HPP) opened at 19.70 on Tuesday. Hudson Pacific Properties has a one year low of $18.07 and a one year high of $24.17. The stock has a 50-day moving average of $20.82 and a 200-day moving average of $21.81. The company’s market cap is $1.106 billion.
Hudson Pacific Properties (NYSE:HPP) last released its earnings data on Monday, August 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, analysts predict that Hudson Pacific Properties will post $0.95 earnings per share for the current fiscal year.
In other Hudson Pacific Properties news, Director Jonathan Glaser purchased 5,000 shares of the stock in a transaction dated Friday, August 30th. The stock was purchased at an average price of $19.92 per share, for a total transaction of $99,600.00. Following the acquisition, the director now directly owns 96,618 shares in the company. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Hudson Pacific Properties, Inc is a full-service, vertically integrated real estate investment trust (NYSE:HPP) focused on owning, operating and acquiring high-quality office properties in select growth markets primarily in Northern and Southern California.
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