Q2 2022 Earnings Forecast for Hudson Pacific Properties, Inc. (NYSE:HPP) Issued By Jefferies Financial Group

Hudson Pacific Properties, Inc. (NYSE:HPP) – Equities researchers at Jefferies Financial Group lifted their Q2 2022 EPS estimates for Hudson Pacific Properties in a note issued to investors on Friday, April 16th. Jefferies Financial Group analyst P. Abramowitz now expects that the real estate investment trust will post earnings per share of $0.52 for the quarter, up from their previous forecast of $0.51. Jefferies Financial Group also issued estimates for Hudson Pacific Properties’ FY2023 earnings at $2.20 EPS.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Wednesday, February 17th. The real estate investment trust reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.49). The business had revenue of $203.84 million during the quarter, compared to analyst estimates of $187.80 million. Hudson Pacific Properties had a net margin of 2.76% and a return on equity of 0.61%.

A number of other brokerages have also recently commented on HPP. Morgan Stanley cut shares of Hudson Pacific Properties from an “equal weight” rating to an “underweight” rating in a report on Friday, April 16th. Zacks Investment Research cut shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, February 17th. Piper Sandler cut shares of Hudson Pacific Properties from an “overweight” rating to a “neutral” rating in a research note on Thursday, January 14th. BMO Capital Markets boosted their price objective on shares of Hudson Pacific Properties from $27.00 to $30.00 and gave the company a “market perform” rating in a research note on Monday, April 5th. Finally, Mizuho boosted their price objective on shares of Hudson Pacific Properties from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, April 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.50.

Shares of Hudson Pacific Properties stock opened at $27.78 on Monday. The firm’s fifty day simple moving average is $27.62 and its 200-day simple moving average is $24.83. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 198.43, a PEG ratio of 3.47 and a beta of 1.00. Hudson Pacific Properties has a 12 month low of $18.62 and a 12 month high of $30.97. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.28 and a quick ratio of 2.28.

Large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in Hudson Pacific Properties by 23.5% in the 3rd quarter. Van ECK Associates Corp now owns 4,556 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 866 shares in the last quarter. Ninepoint Partners LP acquired a new position in shares of Hudson Pacific Properties during the 4th quarter valued at about $163,000. Crossmark Global Holdings Inc. acquired a new position in shares of Hudson Pacific Properties during the 1st quarter valued at about $209,000. Fox Run Management L.L.C. acquired a new position in shares of Hudson Pacific Properties during the 4th quarter valued at about $201,000. Finally, Cetera Investment Advisers acquired a new position in shares of Hudson Pacific Properties during the 4th quarter valued at about $227,000. Institutional investors own 99.11% of the company’s stock.

In related news, Director Jonathan M. Glaser sold 2,000 shares of the business’s stock in a transaction dated Monday, March 29th. The shares were sold at an average price of $28.05, for a total value of $56,100.00. Following the sale, the director now directly owns 105,612 shares in the company, valued at approximately $2,962,416.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.37% of the stock is owned by insiders.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 29th. Investors of record on Friday, March 19th were given a $0.25 dividend. The ex-dividend date was Thursday, March 18th. This represents a $1.00 annualized dividend and a dividend yield of 3.60%. Hudson Pacific Properties’s dividend payout ratio is presently 49.26%.

About Hudson Pacific Properties

Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more.

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Earnings History and Estimates for Hudson Pacific Properties (NYSE:HPP)

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