Brokerages expect Hudson Pacific Properties Inc (NYSE:HPP) to announce earnings per share (EPS) of $0.49 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Hudson Pacific Properties’ earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.50. Hudson Pacific Properties reported earnings per share of $0.45 in the same quarter last year, which suggests a positive year over year growth rate of 8.9%. The business is expected to announce its next earnings report on Thursday, May 2nd.
On average, analysts expect that Hudson Pacific Properties will report full-year earnings of $2.00 per share for the current fiscal year, with EPS estimates ranging from $1.99 to $2.02. For the next fiscal year, analysts expect that the firm will post earnings of $2.15 per share, with EPS estimates ranging from $2.09 to $2.19. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Hudson Pacific Properties.
Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Thursday, February 14th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.39). The business had revenue of $198.43 million for the quarter, compared to the consensus estimate of $183.38 million. Hudson Pacific Properties had a return on equity of 2.51% and a net margin of 13.47%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share.
Several institutional investors have recently added to or reduced their stakes in HPP. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Hudson Pacific Properties by 2.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 163,220 shares of the real estate investment trust’s stock valued at $5,341,000 after buying an additional 4,508 shares during the period. JPMorgan Chase & Co. boosted its holdings in Hudson Pacific Properties by 36.3% during the third quarter. JPMorgan Chase & Co. now owns 393,743 shares of the real estate investment trust’s stock worth $12,883,000 after purchasing an additional 104,840 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Hudson Pacific Properties during the third quarter worth $822,000. CI Investments Inc. boosted its holdings in Hudson Pacific Properties by 0.4% during the third quarter. CI Investments Inc. now owns 1,525,800 shares of the real estate investment trust’s stock worth $49,924,000 after purchasing an additional 5,600 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in Hudson Pacific Properties by 1.5% during the third quarter. BlackRock Inc. now owns 11,186,914 shares of the real estate investment trust’s stock worth $366,036,000 after purchasing an additional 160,698 shares during the last quarter.
NYSE HPP traded down $0.22 during trading on Thursday, reaching $34.12. 21,203 shares of the stock traded hands, compared to its average volume of 695,598. The stock has a market cap of $5.26 billion, a P/E ratio of 18.31, a P/E/G ratio of 2.90 and a beta of 0.73. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.28 and a current ratio of 1.28. Hudson Pacific Properties has a fifty-two week low of $27.12 and a fifty-two week high of $36.06.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Friday, March 15th. Hudson Pacific Properties’s dividend payout ratio (DPR) is presently 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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