Hudson Pacific Properties (NYSE:HPP) Releases Q4 Earnings Guidance

Hudson Pacific Properties (NYSE:HPP) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.09-0.13 for the period, compared to the consensus EPS estimate of $0.11.

Hudson Pacific Properties Stock Down 9.0 %

Shares of NYSE HPP traded down $0.40 during mid-day trading on Tuesday, reaching $4.04. 4,570,958 shares of the company’s stock were exchanged, compared to its average volume of 2,379,651. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.41. The business has a fifty day simple moving average of $4.68 and a 200 day simple moving average of $4.99. The firm has a market capitalization of $570.58 million, a price-to-earnings ratio of -2.66 and a beta of 1.31. Hudson Pacific Properties has a twelve month low of $4.04 and a twelve month high of $9.85.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HPP shares. Bank of America decreased their price objective on Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. Jefferies Financial Group lowered shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and cut their price target for the stock from $5.50 to $5.00 in a research note on Tuesday. Wells Fargo & Company reduced their price objective on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research note on Wednesday, September 11th. Scotiabank dropped their price target on shares of Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research report on Monday, August 26th. Finally, BMO Capital Markets downgraded Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $8.00 to $6.00 in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.30.

Insider Buying and Selling

In other news, Director Jonathan M. Glaser sold 9,287 shares of Hudson Pacific Properties stock in a transaction on Friday, August 30th. The stock was sold at an average price of $5.20, for a total value of $48,292.40. Following the transaction, the director now owns 3,713 shares in the company, valued at approximately $19,307.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction on Friday, September 20th. The shares were sold at an average price of $5.28, for a total transaction of $49,399.68. Following the transaction, the chief operating officer now owns 61,068 shares in the company, valued at $322,439.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan M. Glaser sold 9,287 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $5.20, for a total transaction of $48,292.40. Following the transaction, the director now owns 3,713 shares in the company, valued at $19,307.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.