News articles about Hudson Pacific Properties (NYSE:HPP) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hudson Pacific Properties earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 45.4516859702239 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities analysts have weighed in on HPP shares. Goldman Sachs Group assumed coverage on Hudson Pacific Properties in a research note on Tuesday, September 19th. They issued a “buy” rating and a $39.00 price target for the company. KeyCorp restated a “buy” rating on shares of Hudson Pacific Properties in a report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Hudson Pacific Properties currently has a consensus rating of “Hold” and an average target price of $38.33.
Hudson Pacific Properties (NYSE:HPP) traded up $0.04 on Tuesday, hitting $34.25. The stock had a trading volume of 697,100 shares, compared to its average volume of 1,150,154. The company has a market capitalization of $5,345.08, a PE ratio of 83.54, a PEG ratio of 2.89 and a beta of 0.79. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.61. Hudson Pacific Properties has a 1-year low of $31.52 and a 1-year high of $36.75.
Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Hudson Pacific Properties had a return on equity of 1.58% and a net margin of 8.98%. The firm had revenue of $190.02 million for the quarter, compared to analysts’ expectations of $183.37 million. During the same period in the prior year, the business posted $0.46 earnings per share. The business’s revenue was up 15.5% compared to the same quarter last year. analysts anticipate that Hudson Pacific Properties will post 1.96 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Monday, December 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, December 15th. Hudson Pacific Properties’s payout ratio is presently 243.90%.
In other news, EVP Sanford Dale Shimoda sold 2,800 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 83,072 shares of the company’s stock, valued at $2,964,008.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard B. Fried sold 17,417 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total value of $603,673.22. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.
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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.
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