Hudson Pacific Properties (HPP) Earns Daily News Impact Score of 0.18
Press coverage about Hudson Pacific Properties (NYSE:HPP) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hudson Pacific Properties earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.4007612331055 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Hudson Pacific Properties, Inc. (HPP) Rating Reiterated by KeyCorp (americanbankingnews.com)
- Brookfield Asset Management Inc. Buys A Lot More Hudson Pacific Properties, Inc. (HPP) Stock Last Quarter (highlightpress.com)
- Oct. 20 Annual ‘Bike to Hope’ Presented by … (tmcnet.com)
- Hudson Pacific Properties Inc : Earnings Review and Free Research Report: Hudson Pacific’s Q2 Results Outshined Forecasts (4-traders.com)
A number of analysts have recently weighed in on the company. BidaskClub raised Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. KeyCorp reissued a “buy” rating and issued a $39.00 price objective on shares of Hudson Pacific Properties in a research report on Friday. Finally, Barclays PLC raised their price objective on Hudson Pacific Properties from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $38.69.
Shares of Hudson Pacific Properties (HPP) opened at 32.76 on Monday. The firm’s 50-day moving average price is $32.45 and its 200-day moving average price is $34.02. The firm has a market cap of $5.09 billion, a PE ratio of 93.07 and a beta of 0.75. Hudson Pacific Properties has a 12 month low of $31.53 and a 12 month high of $36.75.
Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Hudson Pacific Properties had a net margin of 7.87% and a return on equity of 1.37%. The business had revenue of $166.85 million during the quarter, compared to the consensus estimate of $175.79 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. Analysts expect that Hudson Pacific Properties will post $0.34 earnings per share for the current year.
In other Hudson Pacific Properties news, CFO Mark T. Lammas sold 65,963 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $35.51, for a total value of $2,342,346.13. Following the completion of the transaction, the chief financial officer now owns 321,780 shares in the company, valued at approximately $11,426,407.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Sanford Dale Shimoda sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $35.55, for a total transaction of $177,750.00. Following the completion of the transaction, the executive vice president now owns 93,872 shares of the company’s stock, valued at approximately $3,337,149.60. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 25,000 shares of company stock valued at $797,600 and have sold 169,549 shares valued at $5,981,459. 13.35% of the stock is owned by corporate insiders.
Hudson Pacific Properties Company Profile
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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