Hudson Pacific Properties (HPP) Set to Announce Quarterly Earnings on Tuesday

Hudson Pacific Properties (NYSE:HPP) will be releasing its earnings data after the market closes on Tuesday, November 12th. Analysts expect Hudson Pacific Properties to post earnings of $0.10 per share for the quarter. Hudson Pacific Properties has set its Q3 2024 guidance at 0.080-0.120 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.50). Hudson Pacific Properties had a negative net margin of 25.42% and a negative return on equity of 7.41%. The business had revenue of $218.00 million during the quarter, compared to the consensus estimate of $216.08 million. During the same period in the previous year, the firm posted $0.24 EPS. The company’s revenue was down 11.1% compared to the same quarter last year. On average, analysts expect Hudson Pacific Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hudson Pacific Properties Trading Up 3.4 %

Shares of HPP opened at $4.25 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.47 and a current ratio of 1.47. Hudson Pacific Properties has a 52-week low of $4.11 and a 52-week high of $9.85. The firm has a market cap of $600.24 million, a price-to-earnings ratio of -2.63 and a beta of 1.31. The business’s fifty day moving average is $4.78 and its 200-day moving average is $5.05.

Insider Transactions at Hudson Pacific Properties

In related news, COO Andy Wattula sold 9,356 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $5.28, for a total transaction of $49,399.68. Following the sale, the chief operating officer now owns 61,068 shares of the company’s stock, valued at approximately $322,439.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Andy Wattula sold 9,356 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $5.28, for a total transaction of $49,399.68. Following the sale, the chief operating officer now owns 61,068 shares in the company, valued at approximately $322,439.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan M. Glaser sold 9,287 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $5.20, for a total value of $48,292.40. Following the completion of the sale, the director now owns 3,713 shares of the company’s stock, valued at $19,307.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.95% of the company’s stock.

Wall Street Analysts Forecast Growth

HPP has been the topic of several research reports. The Goldman Sachs Group reduced their price target on Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. Scotiabank dropped their price target on shares of Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research report on Monday, August 26th. Morgan Stanley downgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $6.00 to $4.25 in a research note on Wednesday, July 10th. BMO Capital Markets downgraded Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $8.00 to $6.00 in a report on Thursday, August 8th. Finally, Wells Fargo & Company cut their target price on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Hudson Pacific Properties currently has an average rating of “Hold” and an average price target of $6.94.

About Hudson Pacific Properties

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.