Wall Street analysts forecast that Hudson Pacific Properties Inc (NYSE:HPP) will announce sales of $197.28 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Hudson Pacific Properties’ earnings. The lowest sales estimate is $193.74 million and the highest is $200.81 million. Hudson Pacific Properties posted sales of $174.12 million in the same quarter last year, which suggests a positive year-over-year growth rate of 13.3%. The business is scheduled to issue its next earnings report on Thursday, May 2nd.
On average, analysts expect that Hudson Pacific Properties will report full year sales of $806.54 million for the current fiscal year, with estimates ranging from $786.51 million to $818.46 million. For the next year, analysts anticipate that the business will report sales of $864.65 million, with estimates ranging from $834.64 million to $884.28 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts 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 (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.39). The company had revenue of $198.43 million during the quarter, compared to analysts’ expectations of $183.38 million. Hudson Pacific Properties had a return on equity of 2.51% and a net margin of 13.47%. Hudson Pacific Properties’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS.
Shares of HPP traded up $0.02 during trading hours on Friday, hitting $34.74. The company had a trading volume of 291,860 shares, compared to its average volume of 829,117. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $5.35 billion, a PE ratio of 18.68, a P/E/G ratio of 2.91 and a beta of 0.73. Hudson Pacific Properties has a 52-week low of $27.12 and a 52-week high of $36.06.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Friday, March 15th. Hudson Pacific Properties’s dividend payout ratio (DPR) is 53.76%.
A number of large investors have recently modified their holdings of HPP. JPMorgan Chase & Co. raised its position in Hudson Pacific Properties by 36.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 393,743 shares of the real estate investment trust’s stock worth $12,883,000 after buying an additional 104,840 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Hudson Pacific Properties during the 3rd quarter valued at about $822,000. CI Investments Inc. grew its stake in shares of Hudson Pacific Properties by 0.4% during the 3rd quarter. CI Investments Inc. now owns 1,525,800 shares of the real estate investment trust’s stock valued at $49,924,000 after purchasing an additional 5,600 shares during the period. BlackRock Inc. grew its stake in shares of Hudson Pacific Properties by 1.5% during the 3rd quarter. BlackRock Inc. now owns 11,186,914 shares of the real estate investment trust’s stock valued at $366,036,000 after purchasing an additional 160,698 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Hudson Pacific Properties during the 3rd quarter valued at about $3,267,000.
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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