Hudson Pacific Properties (NYSE:HPP) Releases FY 2021 Earnings Guidance

Hudson Pacific Properties (NYSE:HPP) updated its FY 2021 earnings guidance on Wednesday. The company provided EPS guidance of $1.940-$2.000 for the period. The company issued revenue guidance of -.Hudson Pacific Properties also updated its Q3 2021 guidance to $0.480-$0.500 EPS.

Shares of NYSE HPP opened at $26.24 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.93. The firm’s 50-day moving average price is $26.82 and its two-hundred day moving average price is $27.64. Hudson Pacific Properties has a 52-week low of $18.62 and a 52-week high of $30.35. The stock has a market capitalization of $4.00 billion, a P/E ratio of -655.84, a P/E/G ratio of 2.40 and a beta of 0.92.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Tuesday, August 3rd. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.45). Hudson Pacific Properties had a negative return on equity of 0.14% and a negative net margin of 0.82%. The company had revenue of $215.60 million for the quarter, compared to analyst estimates of $201.60 million. As a group, equities research analysts expect that Hudson Pacific Properties will post 1.96 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Monday, September 20th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Friday, September 17th. Hudson Pacific Properties’s payout ratio is 52.36%.

A number of analysts recently weighed in on the stock. Mizuho reaffirmed a neutral rating and issued a $29.00 price objective on shares of Hudson Pacific Properties in a report on Wednesday, July 14th. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a hold rating to a buy rating and set a $31.00 price target on the stock in a research note on Thursday, September 9th. Wolfe Research started coverage on Hudson Pacific Properties in a report on Monday, June 14th. They set a peer perform rating and a $34.00 price target on the stock. Finally, Piper Sandler raised Hudson Pacific Properties from a neutral rating to an overweight rating and increased their price objective for the stock from $30.00 to $36.00 in a report on Monday, June 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $29.39.

In other news, Director Richard B. Fried sold 11,000 shares of the company’s stock in a transaction on Friday, August 27th. The stock was sold at an average price of $26.39, for a total value of $290,290.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.02% of the stock is currently owned by insiders.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a real estate company. It owns, operates, develops and acquires office, media, and entertainment properties. The company operates through two segments: Office Properties and Studio Properties. The Office Properties segment manages office properties located in California and Pacific Northwest.

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Earnings History and Estimates for Hudson Pacific Properties (NYSE:HPP)

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