Hudson Pacific Properties, Inc. (NYSE:HPP) posted its earnings results on Thursday. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50, Bloomberg Earnings reports. Hudson Pacific Properties had a return on equity of 1.37% and a net margin of 7.87%. The firm had revenue of $190.02 million during the quarter, compared to analysts’ expectations of $183.37 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The company’s revenue was up 15.5% on a year-over-year basis. Hudson Pacific Properties updated its FY17 guidance to $1.93-1.99 EPS.

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HPP has been the subject of a number of research analyst reports. BidaskClub cut Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Barclays PLC boosted their target price on Hudson Pacific Properties from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, August 15th. KeyCorp reissued a “buy” rating and issued a $39.00 target price on shares of Hudson Pacific Properties in a research note on Friday, August 25th. Morgan Stanley decreased their target price on Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Hudson Pacific Properties in a research note on Tuesday, September 19th. They issued a “buy” rating and a $39.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $37.79.

In other news, Director Jonathan M. Glaser bought 15,000 shares of Hudson Pacific Properties stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $31.78 per share, for a total transaction of $476,700.00. Following the purchase, the director now directly owns 132,405 shares in the company, valued at approximately $4,207,830.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan M. Glaser bought 5,000 shares of Hudson Pacific Properties stock in a transaction dated Thursday, August 10th. The stock was purchased at an average price of $31.98 per share, with a total value of $159,900.00. Following the completion of the purchase, the director now owns 132,405 shares in the company, valued at $4,234,311.90. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 25,000 shares of company stock valued at $797,600. Company insiders own 0.33% of the company’s stock.

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.

Earnings History for Hudson Pacific Properties (NYSE:HPP)

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