Media coverage about Hudson Pacific Properties (NYSE:HPP) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hudson Pacific Properties earned a news impact score of 0.22 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 88 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s scoring:
- Public Office REITs Report Strong Leasing Activity In West Coast Market (bisnow.com)
- Rothschild Asset Management Inc. Lowers Stake in Hudson Pacific Properties, Inc. (HPP) (lazeresportes.com)
- Brokerages Anticipate Hudson Pacific Properties, Inc (footballhebdo.com)
- Hudson Pacific Properties’ (HPP) CEO Victor Coleman on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Hudson Pacific Properties Inc (HPP) Expected to Announce Quarterly Sales of $173.06 Million (americanbankingnews.com)
A number of equities research analysts have recently commented on HPP shares. BidaskClub cut shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Barclays PLC increased their price target on shares of Hudson Pacific Properties from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $38.44.
Hudson Pacific Properties (NYSE:HPP) traded down 0.96% during mid-day trading on Wednesday, hitting $32.15. 658,291 shares of the stock traded hands. Hudson Pacific Properties has a 12-month low of $31.53 and a 12-month high of $36.75. The firm has a market cap of $4.76 billion, a PE ratio of 88.32 and a beta of 0.75. The stock has a 50 day moving average price of $33.22 and a 200 day moving average price of $34.34.
Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $166.85 million during the quarter, compared to analysts’ expectations of $175.79 million. Hudson Pacific Properties had a net margin of 7.87% and a return on equity of 1.39%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. On average, analysts expect that Hudson Pacific Properties will post $0.29 earnings per share for the current fiscal year.
In related news, EVP Sanford Dale Shimoda sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $35.55, for a total value of $177,750.00. Following the completion of the transaction, the executive vice president now directly owns 93,872 shares of the company’s stock, valued at $3,337,149.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Harout Krikor Diramerian sold 20,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $34.01, for a total transaction of $680,200.00. Following the completion of the transaction, the insider now directly owns 52,876 shares of the company’s stock, valued at $1,798,312.76. The disclosure for this sale can be found here. Insiders have sold a total of 169,549 shares of company stock valued at $5,981,459 over the last ninety days. Company insiders own 13.35% of the company’s stock.
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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.
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