Hudson Pacific Properties (NYSE:HPP) has received an average recommendation of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $36.00.
Several equities research analysts recently issued reports on the company. Barclays reissued a “buy” rating and issued a $38.00 price objective on shares of Hudson Pacific Properties in a research note on Tuesday. Sandler O’Neill reissued a “hold” rating and issued a $33.00 price objective on shares of Hudson Pacific Properties in a research note on Friday, February 23rd. Zacks Investment Research raised Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. Wells Fargo raised Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Friday, February 23rd. Finally, Mizuho reissued a “hold” rating and issued a $32.00 price objective on shares of Hudson Pacific Properties in a research note on Thursday, January 25th.
Several institutional investors and hedge funds have recently bought and sold shares of HPP. American International Group Inc. purchased a new stake in shares of Hudson Pacific Properties during the 4th quarter worth about $113,000. MANA Advisors LLC purchased a new stake in shares of Hudson Pacific Properties during the 4th quarter worth about $280,000. Creative Planning purchased a new stake in shares of Hudson Pacific Properties during the 4th quarter worth about $317,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Hudson Pacific Properties during the 4th quarter worth about $353,000. Finally, Aperio Group LLC raised its stake in shares of Hudson Pacific Properties by 20.1% during the 4th quarter. Aperio Group LLC now owns 12,277 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 2,053 shares in the last quarter.
Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The business had revenue of $189.33 million during the quarter, compared to analyst estimates of $189.63 million. Hudson Pacific Properties had a return on equity of 1.81% and a net margin of 10.14%. Hudson Pacific Properties’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS. equities analysts predict that Hudson Pacific Properties will post 1.91 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Monday, March 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Friday, March 16th. Hudson Pacific Properties’s dividend payout ratio is currently 50.25%.
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Hudson Pacific Properties Company Profile
Hudson Pacific Properties is a vertically integrated real estate company focused on acquiring, repositioning, developing and operating high-quality office and state-of-the-art media and entertainment properties in select West Coast markets. Hudson Pacific invests across the risk-return spectrum, favoring opportunities where it can employ leasing, capital investment and management expertise to create additional value.
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