Hudson Pacific Properties, Inc. (NYSE:HPP) – Equities research analysts at DA Davidson lifted their FY2017 earnings per share estimates for shares of Hudson Pacific Properties in a research report issued on Monday. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will post earnings per share of $1.95 for the year, up from their prior forecast of $1.94. DA Davidson also issued estimates for Hudson Pacific Properties’ Q4 2017 earnings at $0.48 EPS, Q1 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.51 EPS, FY2018 earnings at $2.04 EPS, Q1 2019 earnings at $0.54 EPS, Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.57 EPS and FY2019 earnings at $2.24 EPS.

Several other brokerages have also commented on HPP. Zacks Investment Research raised Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Monday. BidaskClub raised Hudson Pacific Properties from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Morgan Stanley decreased their price target on Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, September 1st. KeyCorp reaffirmed a “buy” rating on shares of Hudson Pacific Properties in a research note on Tuesday, September 26th. Finally, Barclays PLC boosted their price target 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Hudson Pacific Properties presently has an average rating of “Hold” and an average target price of $37.79.

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Shares of Hudson Pacific Properties (HPP) opened at $34.64 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $5,323.78, a price-to-earnings ratio of 17.85, a P/E/G ratio of 3.07 and a beta of 0.77. Hudson Pacific Properties has a one year low of $31.52 and a one year high of $36.75.

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 for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. Hudson Pacific Properties had a return on equity of 1.58% and a net margin of 8.98%. The company had revenue of $190.02 million for the quarter, compared to analyst estimates of $183.37 million. During the same quarter last year, the firm earned $0.46 EPS. Hudson Pacific Properties’s revenue for the quarter was up 15.5% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its position in Hudson Pacific Properties by 13.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,125,974 shares of the real estate investment trust’s stock valued at $205,403,000 after purchasing an additional 734,232 shares during the last quarter. Cbre Clarion Securities LLC raised its position in Hudson Pacific Properties by 14.1% in the 2nd quarter. Cbre Clarion Securities LLC now owns 5,416,970 shares of the real estate investment trust’s stock valued at $185,206,000 after purchasing an additional 668,985 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Hudson Pacific Properties by 5.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,823,818 shares of the real estate investment trust’s stock valued at $164,927,000 after purchasing an additional 250,080 shares during the last quarter. Brookfield Asset Management Inc. raised its position in Hudson Pacific Properties by 11.3% in the 2nd quarter. Brookfield Asset Management Inc. now owns 4,669,148 shares of the real estate investment trust’s stock valued at $159,638,000 after purchasing an additional 473,154 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Hudson Pacific Properties by 16.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,334,280 shares of the real estate investment trust’s stock valued at $148,189,000 after purchasing an additional 604,944 shares during the last quarter.

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

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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