Hudson Pacific Properties (HPP) to Release Earnings on Wednesday

Hudson Pacific Properties (NYSE:HPP) will release its earnings data after the market closes on Wednesday, August 7th. Analysts expect Hudson Pacific Properties to post earnings of $0.17 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Hudson Pacific Properties Price Performance

Shares of HPP opened at $5.30 on Tuesday. The company has a market cap of $748.07 million, a price-to-earnings ratio of -3.31, a PEG ratio of 0.76 and a beta of 1.32. Hudson Pacific Properties has a 1-year low of $4.26 and a 1-year high of $9.85. The company’s fifty day simple moving average is $5.07 and its 200 day simple moving average is $6.02. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.38.

Hudson Pacific Properties Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 17th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.20 dividend on an annualized basis and a yield of 3.77%. Hudson Pacific Properties’s payout ratio is -12.50%.

Wall Street Analyst Weigh In

HPP has been the subject of a number of recent research reports. The Goldman Sachs Group reduced their target price on shares of Hudson Pacific Properties from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Morgan Stanley downgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $6.00 to $4.25 in a research report on Wednesday, July 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $7.00 price objective on shares of Hudson Pacific Properties in a research report on Thursday, June 27th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.32.

Insider Buying and Selling

In other Hudson Pacific Properties news, CEO Victor J. Coleman sold 100,000 shares of Hudson Pacific Properties stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $5.18, for a total transaction of $518,000.00. Following the completion of the transaction, the chief executive officer now owns 387,451 shares of the company’s stock, valued at approximately $2,006,996.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders bought 13,420 shares of company stock valued at $59,912. 2.95% of the stock is owned by insiders.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.