$0.50 EPS Expected for Hudson Pacific Properties Inc (HPP) This Quarter
Wall Street brokerages expect Hudson Pacific Properties Inc (NYSE:HPP) to announce $0.50 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Hudson Pacific Properties’ earnings. The highest EPS estimate is $0.50 and the lowest is $0.48. Hudson Pacific Properties posted earnings of $0.46 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 8.7%. The company is scheduled to report its next quarterly earnings results on Thursday, February 15th.
On average, analysts expect that Hudson Pacific Properties will report full year earnings of $1.96 per share for the current year, with EPS estimates ranging from $1.93 to $1.97. For the next financial year, analysts expect that the business will report earnings of $2.05 per share, with EPS estimates ranging from $1.96 to $2.09. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Hudson Pacific Properties.
Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.50. Hudson Pacific Properties had a net margin of 8.98% and a return on equity of 1.58%. The business had revenue of $190.02 million for the quarter, compared to analyst estimates of $183.37 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Hudson Pacific Properties’s revenue was up 15.5% compared to the same quarter last year.
In other Hudson Pacific Properties news, insider Richard B. Fried sold 17,417 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total value of $603,673.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Sanford Dale Shimoda sold 2,800 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $35.68, for a total transaction of $99,904.00. Following the completion of the sale, the executive vice president now directly owns 83,072 shares in the company, valued at approximately $2,964,008.96. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its holdings in shares of Hudson Pacific Properties by 9.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,599,938 shares of the real estate investment trust’s stock worth $53,646,000 after purchasing an additional 133,990 shares during the last quarter. Honeywell International Inc. grew its holdings in shares of Hudson Pacific Properties by 27.8% in the 3rd quarter. Honeywell International Inc. now owns 64,220 shares of the real estate investment trust’s stock worth $2,153,000 after purchasing an additional 13,950 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Hudson Pacific Properties by 4.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 118,636 shares of the real estate investment trust’s stock worth $3,978,000 after purchasing an additional 4,740 shares during the last quarter. Keeley Teton Advisors LLC bought a new stake in shares of Hudson Pacific Properties in the 3rd quarter worth about $703,000. Finally, Prudential Financial Inc. grew its holdings in shares of Hudson Pacific Properties by 21.0% in the 3rd quarter. Prudential Financial Inc. now owns 2,487,091 shares of the real estate investment trust’s stock worth $83,392,000 after purchasing an additional 431,834 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hudson Pacific Properties (NYSE:HPP) traded down $0.53 during mid-day trading on Monday, reaching $32.87. 986,700 shares of the company were exchanged, compared to its average volume of 744,022. Hudson Pacific Properties has a fifty-two week low of $31.52 and a fifty-two week high of $36.75. The company has a market capitalization of $5,129.72, a price-to-earnings ratio of 80.17, a P/E/G ratio of 2.65 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.32.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Monday, December 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Friday, December 15th. Hudson Pacific Properties’s dividend payout ratio (DPR) is presently 243.90%.
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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.
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