Hudson Pacific Properties Inc (HPP) Forecasted to Earn Q4 2017 Earnings of $0.49 Per Share

Hudson Pacific Properties Inc (NYSE:HPP) – Research analysts at DA Davidson lifted their Q4 2017 earnings estimates for shares of Hudson Pacific Properties in a research report issued to clients and investors on Wednesday. DA Davidson analyst B. Oxford now expects that the real estate investment trust will earn $0.49 per share for the quarter, up from their previous forecast of $0.48.

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

Shares of Hudson Pacific Properties (HPP) opened at $29.21 on Monday. 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 company has a market cap of $4,558.54, a price-to-earnings ratio of 71.24, a PEG ratio of 2.48 and a beta of 0.70. Hudson Pacific Properties has a 1 year low of $28.31 and a 1 year high of $36.75.

In related news, 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 transaction, the executive vice president now directly owns 83,072 shares in the company, valued at $2,964,008.96. The sale was disclosed in a filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of HPP. Parametric Portfolio Associates LLC increased its holdings in Hudson Pacific Properties by 4.6% during the second quarter. Parametric Portfolio Associates LLC now owns 75,786 shares of the real estate investment trust’s stock worth $2,591,000 after buying an additional 3,325 shares during the last quarter. Royal Bank of Canada increased its holdings in Hudson Pacific Properties by 60.7% during the second quarter. Royal Bank of Canada now owns 9,386 shares of the real estate investment trust’s stock worth $321,000 after buying an additional 3,544 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Hudson Pacific Properties by 47.0% during the second quarter. Janus Henderson Group PLC now owns 426,521 shares of the real estate investment trust’s stock worth $14,572,000 after buying an additional 136,320 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in Hudson Pacific Properties by 4.1% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 74,322 shares of the real estate investment trust’s stock worth $2,541,000 after buying an additional 2,943 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Hudson Pacific Properties by 1.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 17,932 shares of the real estate investment trust’s stock worth $613,000 after buying an additional 336 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/02/12/hudson-pacific-properties-inc-hpp-forecasted-to-earn-q4-2017-earnings-of-0-49-per-share.html.

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)

Receive News & Ratings for Hudson Pacific Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Pacific Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply