Hudson Pacific Properties (HPP) Expected to Announce Quarterly Earnings on Thursday

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

Hudson Pacific Properties Stock Down 2.6 %

NYSE:HPP opened at $2.78 on Tuesday. The firm’s 50 day simple moving average is $2.99 and its 200 day simple moving average is $4.00. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties has a one year low of $2.39 and a one year high of $7.40.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HPP shares. Piper Sandler dropped their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Mizuho dropped their target price on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group dropped their target price on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, Hudson Pacific Properties has a consensus rating of “Hold” and an average target price of $5.08.

Insider Transactions at Hudson Pacific Properties

In related news, CEO Victor J. Coleman purchased 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost of $2.87 per share, with a total value of $143,500.00. Following the acquisition, the chief executive officer now 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Company Profile

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.