Hudson Pacific Properties Inc. (NYSE:HPP) – Analysts at KeyCorp increased their FY2016 earnings estimates for shares of Hudson Pacific Properties in a research note issued to investors on Monday. KeyCorp analyst C. Mailman now forecasts that the firm will post earnings of $1.78 per share for the year, up from their prior estimate of $1.76. KeyCorp also issued estimates for Hudson Pacific Properties’ FY2017 earnings at $1.99 EPS.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The firm had revenue of $164.60 million for the quarter, compared to analysts’ expectations of $17.50 million. Hudson Pacific Properties had a net margin of 1.51% and a return on equity of 0.25%. COPYRIGHT VIOLATION NOTICE: “Hudson Pacific Properties Inc. to Post FY2016 Earnings of $1.78 Per Share, KeyCorp Forecasts (HPP)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another domain, it was stolen and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/29/hudson-pacific-properties-inc-to-post-fy2016-earnings-of-1-78-per-share-keycorp-forecasts-hpp.html.

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

Several other equities analysts also recently issued reports on HPP. Zacks Investment Research downgraded shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 16th. DA Davidson boosted their price target on shares of Hudson Pacific Properties from $37.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 5th. Bank of America Corp. reissued a “positive” rating on shares of Hudson Pacific Properties in a report on Thursday, September 22nd. Mizuho lifted their price objective on shares of Hudson Pacific Properties from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Finally, BTIG Research initiated coverage on shares of Hudson Pacific Properties in a research note on Thursday, August 25th. They set a “buy” rating and a $38.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Hudson Pacific Properties currently has a consensus rating of “Buy” and a consensus price target of $36.00.

Shares of Hudson Pacific Properties (NYSE:HPP) traded up 1.77% during midday trading on Tuesday, reaching $35.15. 448,266 shares of the company were exchanged. Hudson Pacific Properties has a 52-week low of $22.77 and a 52-week high of $35.59. The company’s market capitalization is $4.05 billion. The firm’s 50 day moving average is $32.96 and its 200-day moving average is $31.62.

A number of large investors have recently modified their holdings of HPP. Bank of Montreal Can boosted its stake in shares of Hudson Pacific Properties by 0.8% in the third quarter. Bank of Montreal Can now owns 6,733 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 51 shares during the period. Navellier & Associates Inc increased its stake in Hudson Pacific Properties by 0.5% in the second quarter. Navellier & Associates Inc now owns 19,498 shares of the real estate investment trust’s stock valued at $569,000 after buying an additional 99 shares during the last quarter. Aperio Group LLC increased its stake in Hudson Pacific Properties by 2.0% in the third quarter. Aperio Group LLC now owns 7,993 shares of the real estate investment trust’s stock valued at $263,000 after buying an additional 154 shares during the last quarter. Synovus Financial Corp increased its stake in Hudson Pacific Properties by 0.6% in the second quarter. Synovus Financial Corp now owns 32,049 shares of the real estate investment trust’s stock valued at $934,000 after buying an additional 191 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Hudson Pacific Properties by 5.4% in the second quarter. ProShare Advisors LLC now owns 9,603 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 490 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: “Hudson Pacific Properties Inc. to Post FY2016 Earnings of $1.78 Per Share, KeyCorp Forecasts (HPP)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another domain, it was stolen and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/29/hudson-pacific-properties-inc-to-post-fy2016-earnings-of-1-78-per-share-keycorp-forecasts-hpp.html.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc is a full-service, vertically integrated real estate investment trust (REIT). The Company is focused on owning, operating and acquiring office, and media and entertainment properties in select growth markets primarily in Northern and Southern California, and the Pacific Northwest.

5 Day Chart for NYSE:HPP

Receive News & Stock Ratings for Hudson Pacific Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Pacific Properties Inc. and related stocks with our FREE daily email newsletter.