Hudson Pacific Properties, Inc. (NYSE:HPP) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $1.93-1.99 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.96.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.45. The firm had revenue of $190.02 million during the quarter, compared to the consensus estimate of $183.37 million. Hudson Pacific Properties had a return on equity of 1.37% and a net margin of 7.87%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share.

HPP has been the subject of several recent research reports. Barclays PLC upped their price objective 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 reaffirmed a buy rating and issued a $39.00 price objective on shares of Hudson Pacific Properties in a research note on Friday, August 25th. BidaskClub downgraded Hudson Pacific Properties from a sell rating to a strong sell rating in a research note on Tuesday, July 25th. 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 price objective for the company. Finally, Morgan Stanley lowered their price objective 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Hudson Pacific Properties currently has a consensus rating of Hold and an average price target of $37.79.

In other news, Director Jonathan M. Glaser acquired 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $31.78 per share, with a total value of $476,700.00. Following the acquisition, the director now owns 132,405 shares in the company, valued at approximately $4,207,830.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan M. Glaser acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was purchased at an average cost of $32.20 per share, with a total value of $161,000.00. Following the acquisition, the director now owns 132,405 shares in the company, valued at approximately $4,263,441. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 25,000 shares of company stock valued at $797,600. Insiders own 0.33% of the company’s stock.

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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.

Earnings History and Estimates for Hudson Pacific Properties (NYSE:HPP)

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