Q1 2018 Earnings Estimate for Hudson Pacific Properties Inc (HPP) Issued By DA Davidson

Hudson Pacific Properties Inc (NYSE:HPP) – Equities research analysts at DA Davidson reduced their Q1 2018 earnings per share (EPS) estimates for Hudson Pacific Properties in a report issued on Wednesday. DA Davidson analyst B. Oxford now forecasts that the real estate investment trust will earn $0.47 per share for the quarter, down from their previous forecast of $0.49. DA Davidson also issued estimates for Hudson Pacific Properties’ Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.49 EPS, FY2018 earnings at $1.92 EPS and FY2019 earnings at $2.08 EPS.

A number of other research analysts have also weighed in on the company. Barclays decreased their price objective on Hudson Pacific Properties from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. Mizuho restated a “hold” rating and issued a $32.00 price objective on shares of Hudson Pacific Properties in a report on Thursday, January 25th. Zacks Investment Research lowered Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Sandler O’Neill lowered Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a report on Friday, January 12th. Finally, Goldman Sachs Group lowered Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Hudson Pacific Properties has an average rating of “Hold” and an average target price of $36.83.

Hudson Pacific Properties (NYSE:HPP) opened at $28.63 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $4,580.38, a price-to-earnings ratio of 69.83, a price-to-earnings-growth ratio of 2.43 and a beta of 0.70. Hudson Pacific Properties has a fifty-two week low of $28.62 and a fifty-two week high of $36.75.

Several institutional investors and hedge funds have recently modified their holdings of HPP. Daiwa Securities Group Inc. increased its stake in shares of Hudson Pacific Properties by 21,397.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,353,584 shares of the real estate investment trust’s stock worth $114,861,000 after acquiring an additional 3,337,984 shares during the last quarter. PGGM Investments acquired a new stake in shares of Hudson Pacific Properties in the 4th quarter worth $80,830,000. Citadel Advisors LLC increased its stake in shares of Hudson Pacific Properties by 468.9% in the 3rd quarter. Citadel Advisors LLC now owns 2,576,552 shares of the real estate investment trust’s stock worth $86,392,000 after acquiring an additional 2,123,642 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Hudson Pacific Properties by 162.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,174,369 shares of the real estate investment trust’s stock worth $72,907,000 after acquiring an additional 1,344,969 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of 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 worth $205,403,000 after acquiring an additional 734,232 shares during the last quarter.

In other Hudson Pacific Properties news, EVP Sanford Dale Shimoda sold 2,800 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $35.68, for a total value of $99,904.00. Following the transaction, the executive vice president now owns 83,072 shares in the company, valued at approximately $2,964,008.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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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