Hudson Pacific Properties Inc (NYSE:HPP) – Equities researchers at KeyCorp dropped their Q1 2018 earnings per share (EPS) estimates for Hudson Pacific Properties in a research report issued to clients and investors on Monday. KeyCorp analyst C. Mailman now forecasts that the real estate investment trust will post earnings per share of $0.47 for the quarter, down from their previous forecast of $0.50. KeyCorp also issued estimates for Hudson Pacific Properties’ Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.50 EPS, FY2018 earnings at $1.92 EPS and FY2019 earnings at $2.02 EPS.

Other research analysts also recently issued research reports about the company. Mizuho reaffirmed a “hold” rating and set a $32.00 target price on shares of Hudson Pacific Properties in a report on Thursday, January 25th. Barclays reduced their target price on Hudson Pacific Properties from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. Sandler O’Neill downgraded Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a report on Friday, January 12th. Goldman Sachs Group downgraded Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a report on Monday, November 20th. Finally, Zacks Investment Research downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $36.83.

Hudson Pacific Properties (NYSE:HPP) opened at $29.51 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.61. Hudson Pacific Properties has a 1-year low of $28.25 and a 1-year high of $36.75. The company has a market capitalization of $4,597.55, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 2.54 and a beta of 0.70.

In related news, EVP Sanford Dale Shimoda sold 2,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $35.68, for a total value of $99,904.00. Following the sale, the executive vice president now owns 83,072 shares of the company’s stock, valued at approximately $2,964,008.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.33% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. lifted its holdings in shares of Hudson Pacific Properties by 9.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,599,938 shares of the real estate investment trust’s stock worth $53,646,000 after purchasing an additional 133,990 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Hudson Pacific Properties by 21.0% in the 3rd quarter. Prudential Financial Inc. now owns 2,487,091 shares of the real estate investment trust’s stock worth $83,392,000 after purchasing an additional 431,834 shares during the last quarter. Honeywell International Inc. lifted its holdings in shares of Hudson Pacific Properties by 27.8% in the 3rd quarter. Honeywell International Inc. now owns 64,220 shares of the real estate investment trust’s stock worth $2,153,000 after purchasing an additional 13,950 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Hudson Pacific Properties by 4.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 118,636 shares of the real estate investment trust’s stock worth $3,978,000 after purchasing an additional 4,740 shares during the last quarter. Finally, Keeley Teton Advisors LLC bought a new stake in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $703,000.

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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.

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

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