Hudson Pacific Properties (HPP) Updates FY18 Earnings Guidance

Hudson Pacific Properties (NYSE:HPP) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.87-1.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.91.

Shares of Hudson Pacific Properties (NYSE HPP) opened at $29.65 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.32. Hudson Pacific Properties has a 52-week low of $28.25 and a 52-week high of $36.75. The company has a market capitalization of $4,597.55, a P/E ratio of 71.98, a price-to-earnings-growth ratio of 2.54 and a beta of 0.70.

Several equities research analysts have commented on HPP shares. 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 research report on Friday, January 12th. Zacks Investment Research raised Hudson Pacific Properties from a sell rating to a hold rating in a research note on Monday, November 6th. Goldman Sachs Group downgraded Hudson Pacific Properties from a buy rating to a neutral rating in a research note on Monday, November 20th. Mizuho reaffirmed a hold rating and set a $32.00 target price on shares of Hudson Pacific Properties in a research note on Thursday, January 25th. Finally, Barclays reduced their target price on Hudson Pacific Properties from $42.00 to $39.00 and set an overweight rating for the company in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $36.83.

In other news, EVP Sanford Dale Shimoda sold 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $35.68, for a total transaction of $99,904.00. Following the completion of the transaction, the executive vice president now directly owns 83,072 shares of the company’s stock, valued at approximately $2,964,008.96. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate 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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