KeyCorp Comments on Hudson Pacific Properties Inc’s Q1 2018 Earnings (HPP)

Hudson Pacific Properties Inc (NYSE:HPP) – Equities research analysts at KeyCorp cut their Q1 2018 earnings per share (EPS) estimates for Hudson Pacific Properties in a report released on Monday. KeyCorp analyst C. Mailman now forecasts that the real estate investment trust will post earnings of $0.47 per share for the quarter, down from their prior forecast of $0.50. KeyCorp also issued estimates for Hudson Pacific Properties’ Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.50 EPS, FY2018 earnings at $1.92 EPS and FY2019 earnings at $2.02 EPS.

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

Shares of Hudson Pacific Properties (NYSE HPP) opened at $29.01 on Tuesday. 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 P/E ratio of 15.21, a P/E/G ratio of 2.48 and a beta of 0.70. Hudson Pacific Properties has a 1-year low of $28.25 and a 1-year high of $36.75.

In related news, EVP Sanford Dale Shimoda sold 2,800 shares of Hudson Pacific Properties stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $35.68, for a total value of $99,904.00. Following the sale, the executive vice president now owns 83,072 shares of the company’s stock, valued at approximately $2,964,008.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.33% of the company’s stock.

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

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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.

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

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