News headlines about Hudson Pacific Properties (NYSE:HPP) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hudson Pacific Properties earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 48.1799907184653 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- RSI Alert: Hudson Pacific Properties Now Oversold (nasdaq.com)
- Brokerages Anticipate Hudson Pacific Properties Inc (HPP) Will Announce Quarterly Sales of $183.45 Million (americanbankingnews.com)
- Hudson Pacific Properties Announces Fourth Quarter Earnings Release and Conference Call (finance.yahoo.com)
- $0.50 EPS Expected for Hudson Pacific Properties Inc (HPP) This Quarter (americanbankingnews.com)
- Hudson Pacific to Sell 4 Office Assets for $255M (cpexecutive.com)
HPP has been the subject of several recent analyst reports. Zacks Investment Research raised Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Goldman Sachs Group cut Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. KeyCorp reissued a “buy” rating on shares of Hudson Pacific Properties in a research report on Tuesday, September 26th. Finally, Sandler O’Neill cut Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a research report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.67.
Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The firm had revenue of $190.02 million during the quarter, compared to analysts’ expectations of $183.37 million. Hudson Pacific Properties had a return on equity of 1.58% and a net margin of 8.98%. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. research analysts forecast that Hudson Pacific Properties will post 1.96 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Monday, December 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.08%. Hudson Pacific Properties’s payout ratio is 243.90%.
In other Hudson Pacific Properties news, insider Richard B. Fried sold 17,417 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $34.66, for a total transaction of $603,673.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Sanford Dale Shimoda sold 2,800 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were 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 $2,964,008.96. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.
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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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