Hudson Pacific Properties (HPP) Expected to Announce Earnings on Thursday

Hudson Pacific Properties (NYSE:HPP) is projected to release its earnings data after the market closes on Thursday, February 20th. Analysts expect Hudson Pacific Properties to post earnings of $0.10 per share and revenue of $207.95 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $2.93 on Wednesday. The business’s 50-day moving average price is $2.99 and its two-hundred day moving average price is $4.00. Hudson Pacific Properties has a twelve month low of $2.39 and a twelve month high of $7.20. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The stock has a market cap of $413.10 million, a P/E ratio of -1.40 and a beta of 1.30.

Insider Transactions at Hudson Pacific Properties

In other news, CEO Victor J. Coleman purchased 50,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost of $2.87 per share, with a total value of $143,500.00. Following the completion of the purchase, the chief executive officer now directly owns 487,451 shares in the company, valued at approximately $1,398,984.37. This trade represents a 11.43 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.95% of the company’s stock.

Analyst Upgrades and Downgrades

HPP has been the topic of several recent research reports. Scotiabank reduced their price objective on Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Piper Sandler decreased their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Jefferies Financial Group cut their price objective on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a research note on Thursday, January 2nd. Finally, Mizuho reduced their target price on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.80.

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.