Hudson Pacific Properties (HPP) to Release Earnings on Thursday

Hudson Pacific Properties (NYSE:HPP) is anticipated to release its earnings data after the market closes on Thursday, February 20th. Analysts expect Hudson Pacific Properties to post earnings of $0.10 per share and revenue of $207.95 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Hudson Pacific Properties Trading Up 4.8 %

HPP opened at $2.93 on Wednesday. Hudson Pacific Properties has a twelve month low of $2.39 and a twelve month high of $7.20. The company has a fifty day moving average of $2.99 and a 200-day moving average of $4.00. The stock has a market cap of $413.10 million, a PE ratio of -1.40 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47.

Wall Street Analyst Weigh In

HPP has been the subject of a number of recent analyst reports. Piper Sandler lowered their price objective on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. Jefferies Financial Group decreased their target price on Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a research note on Thursday, January 2nd. Scotiabank dropped their price target on Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Finally, Mizuho reduced their price objective on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.80.

Insider Activity at Hudson Pacific Properties

In other Hudson Pacific Properties news, CEO Victor J. Coleman acquired 50,000 shares of Hudson Pacific Properties stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 487,451 shares of the company’s stock, valued at $1,398,984.37. This represents a 11.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.95% of the stock is currently 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.