Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Hudson Pacific Properties (HPP) Share Price
News articles about Hudson Pacific Properties (NYSE:HPP) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hudson Pacific Properties earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.0825027615928 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- 2017 CFO Awards Finalist: Mark Lammas, Hudson Pacific Properties (labusinessjournal.com)
- Hudson Pacific Properties Announces Third Quarter Earnings Release and Conference Call (finance.yahoo.com)
- Head to Head Analysis: Hudson Pacific Properties (HPP) vs. Its Competitors (americanbankingnews.com)
- Hudson Pacific Properties Updates 2017 Outlook in Connection with Public Offering and Pending Disposition (finance.yahoo.com)
Shares of Hudson Pacific Properties (HPP) opened at 33.23 on Monday. The company’s 50-day moving average price is $32.64 and its 200-day moving average price is $33.46. The stock has a market cap of $5.16 billion, a PE ratio of 94.40 and a beta of 0.75. Hudson Pacific Properties has a 52-week low of $31.52 and a 52-week high of $36.75.
Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. The company had revenue of $166.85 million during the quarter, compared to analyst estimates of $175.79 million. Hudson Pacific Properties had a return on equity of 1.37% and a net margin of 7.87%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. On average, equities research analysts forecast that Hudson Pacific Properties will post $0.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $1.00 dividend on an annualized basis and a yield of 3.01%. Hudson Pacific Properties’s dividend payout ratio (DPR) is 277.78%.
HPP has been the subject of several recent analyst reports. Morgan Stanley decreased their price target on Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, September 1st. KeyCorp restated a “buy” rating and issued a $39.00 price target on shares of Hudson Pacific Properties in a research note on Friday, August 25th. BidaskClub cut Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Barclays PLC boosted their price target on Hudson Pacific Properties from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 15th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Hudson Pacific Properties in a research note on Tuesday, September 19th. They issued a “buy” rating and a $39.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $38.06.
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In other news, Director Jonathan M. Glaser bought 5,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average price of $31.98 per share, for a total transaction of $159,900.00. Following the purchase, the director now directly owns 132,405 shares of the company’s stock, valued at approximately $4,234,311.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan M. Glaser bought 15,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $31.78 per share, with a total value of $476,700.00. Following the purchase, the director now directly owns 132,405 shares in the company, valued at $4,207,830.90. The disclosure for this purchase can be found here. Insiders purchased a total of 25,000 shares of company stock valued at $797,600 in the last 90 days. 13.35% of the stock is currently owned by company insiders.
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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