Analysts forecast that Hudson Pacific Properties Inc (NYSE:HPP) will report sales of $173.87 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Hudson Pacific Properties’ earnings. The lowest sales estimate is $160.02 million and the highest is $180.80 million. Hudson Pacific Properties reported sales of $168.29 million in the same quarter last year, which indicates a positive year over year growth rate of 3.3%. The company is scheduled to announce its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Hudson Pacific Properties will report full-year sales of $173.87 million for the current financial year, with estimates ranging from $647.05 million to $742.10 million. For the next fiscal year, analysts expect that the company will report sales of $766.62 million per share, with estimates ranging from $691.19 million to $821.49 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Hudson Pacific Properties.
Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The company had revenue of $189.33 million for the quarter, compared to analyst estimates of $189.63 million. Hudson Pacific Properties had a net margin of 10.14% and a return on equity of 1.81%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS.
Large investors have recently added to or reduced their stakes in the company. American International Group Inc. bought a new position in shares of Hudson Pacific Properties during the 4th quarter worth about $113,000. MANA Advisors LLC bought a new position in shares of Hudson Pacific Properties during the 4th quarter worth about $280,000. Creative Planning bought a new position in shares of Hudson Pacific Properties during the 4th quarter worth about $317,000. Xact Kapitalforvaltning AB bought a new position in shares of Hudson Pacific Properties during the 4th quarter worth about $353,000. Finally, Advisors Asset Management Inc. lifted its holdings in Hudson Pacific Properties by 27.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 11,489 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 2,509 shares during the last quarter.
NYSE HPP traded up $0.01 during midday trading on Monday, hitting $32.53. The company had a trading volume of 1,040,068 shares, compared to its average volume of 823,339. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $5,096.77, a price-to-earnings ratio of 16.35, a P/E/G ratio of 2.76 and a beta of 0.68. Hudson Pacific Properties has a fifty-two week low of $28.25 and a fifty-two week high of $36.14.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Monday, March 19th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Friday, March 16th. Hudson Pacific Properties’s payout ratio is 50.25%.
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About Hudson Pacific Properties
Hudson Pacific Properties, Inc is a real estate investment trust (REIT). The Company operates in two segments: office properties, and media and entertainment properties. The Company is focused on acquiring, repositioning, developing and operating office and media and entertainment properties in submarkets throughout Northern and Southern California and the Pacific Northwest.
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