Analysts expect Hudson Pacific Properties Inc (NYSE:HPP) to announce sales of $199.45 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hudson Pacific Properties’ earnings. The highest sales estimate is $202.02 million and the lowest is $196.89 million. Hudson Pacific Properties reported sales of $175.17 million during the same quarter last year, which indicates a positive year over year growth rate of 13.9%. The business is expected to issue its next quarterly earnings report on Wednesday, August 7th.
On average, analysts expect that Hudson Pacific Properties will report full year sales of $808.98 million for the current financial year, with estimates ranging from $793.83 million to $818.46 million. For the next fiscal year, analysts expect that the firm will post sales of $867.86 million, with estimates ranging from $844.27 million to $884.28 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Hudson Pacific Properties.
Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $197.39 million during the quarter, compared to analysts’ expectations of $194.62 million. Hudson Pacific Properties had a return on equity of 0.33% and a net margin of 1.68%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS.
In other news, insider Alex Vouvalides sold 43,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $35.10, for a total value of $1,509,300.00. Following the completion of the sale, the insider now directly owns 130,940 shares of the company’s stock, valued at approximately $4,595,994. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark T. Lammas sold 56,835 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $34.42, for a total value of $1,956,260.70. Following the completion of the sale, the chief financial officer now directly owns 256,257 shares of the company’s stock, valued at $8,820,365.94. The disclosure for this sale can be found here. Insiders sold a total of 127,591 shares of company stock valued at $4,427,861 over the last ninety days. Corporate insiders own 1.95% of the company’s stock.
Large investors have recently bought and sold shares of the company. CIBC Asset Management Inc bought a new stake in shares of Hudson Pacific Properties in the 1st quarter valued at approximately $200,000. First Republic Investment Management Inc. bought a new stake in shares of Hudson Pacific Properties during the 1st quarter worth approximately $201,000. Rockefeller Capital Management L.P. bought a new stake in shares of Hudson Pacific Properties during the 1st quarter worth approximately $210,000. Sumitomo Mitsui Asset Management Company LTD bought a new stake in shares of Hudson Pacific Properties during the 1st quarter worth approximately $209,000. Finally, Comerica Bank bought a new stake in shares of Hudson Pacific Properties during the 4th quarter worth approximately $233,000.
NYSE HPP opened at $34.44 on Thursday. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.68 and a beta of 0.72. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.17 and a quick ratio of 1.17. Hudson Pacific Properties has a 1-year low of $27.12 and a 1-year high of $36.01.
The business also recently disclosed a dividend, which will be paid on Thursday, June 27th. Stockholders of record on Monday, June 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 14th. Hudson Pacific Properties’s payout ratio is 53.76%.
About Hudson Pacific Properties
Hudson Pacific Properties is a visionary real estate investment trust that owns and operates more than 17 million square feet of marquee office and studio properties. 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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