Hudson Pacific Properties, Inc. (NYSE:HPP) declared a quarterly dividend on Tuesday, June 8th, Zacks reports. Stockholders of record on Friday, June 18th will be given a dividend of 0.25 per share by the real estate investment trust on Monday, June 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Thursday, June 17th.
HPP stock opened at $29.97 on Wednesday. The stock has a market cap of $4.52 billion, a P/E ratio of -749.06, a P/E/G ratio of 3.29 and a beta of 0.95. Hudson Pacific Properties has a 1 year low of $18.62 and a 1 year high of $30.13. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. The business has a fifty day moving average price of $28.06.
Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Wednesday, May 5th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.42). The firm had revenue of $192.14 million during the quarter, compared to analysts’ expectations of $196.20 million. Hudson Pacific Properties had a negative return on equity of 0.11% and a negative net margin of 0.66%. Sell-side analysts expect that Hudson Pacific Properties will post 1.89 earnings per share for the current year.
In other Hudson Pacific Properties news, Director Jonathan M. Glaser sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 29th. The stock was sold at an average price of $28.05, for a total transaction of $56,100.00. Following the sale, the director now directly owns 105,612 shares of the company’s stock, valued at $2,962,416.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.02% of the stock is owned by company insiders.
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.
Further Reading: Limitations of the P/E Growth ratio
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