Hudson Pacific Properties (NYSE:HPP) Releases Q4 Earnings Guidance

Hudson Pacific Properties (NYSE:HPP) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.09-0.13 for the period, compared to the consensus estimate of $0.11.

Hudson Pacific Properties Price Performance

Shares of NYSE:HPP traded down $0.40 during trading on Tuesday, reaching $4.04. The company had a trading volume of 4,575,455 shares, compared to its average volume of 2,379,672. The company has a fifty day moving average of $4.68 and a two-hundred day moving average of $4.99. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.41. Hudson Pacific Properties has a 12 month low of $4.04 and a 12 month high of $9.85. The stock has a market capitalization of $570.58 million, a P/E ratio of -2.66 and a beta of 1.31.

Analysts Set New Price Targets

HPP has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research note on Wednesday, September 11th. Jefferies Financial Group cut shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and decreased their target price for the company from $5.50 to $5.00 in a research report on Tuesday. The Goldman Sachs Group decreased their price target on Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating for the company in a research note on Wednesday, August 14th. BMO Capital Markets lowered shares of Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $8.00 to $6.00 in a research note on Thursday, August 8th. Finally, Wolfe Research lowered shares of Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.30.

Insider Buying and Selling at Hudson Pacific Properties

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

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.