Media headlines about Hudson Pacific Properties (NYSE:HPP) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hudson Pacific Properties earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 47.1499551998288 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $166.85 million for 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 revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share.
Several equities analysts have recently issued reports on the stock. KeyCorp restated a “buy” rating on shares of Hudson Pacific Properties in a report on Tuesday, September 26th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Hudson Pacific Properties in a report on Tuesday, September 19th. They set a “buy” rating and a $39.00 price objective on the stock. Morgan Stanley cut their price objective on shares of Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, September 1st. BidaskClub upgraded shares of Hudson Pacific Properties from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Finally, Barclays PLC upped their price objective on shares of Hudson Pacific Properties from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Hudson Pacific Properties presently has a consensus rating of “Hold” and a consensus price target of $37.79.
In other news, Director Jonathan M. Glaser purchased 15,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of $31.78 per share, with a total value of $476,700.00. Following the completion of the transaction, the director now directly owns 132,405 shares in the company, valued at approximately $4,207,830.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan M. Glaser purchased 5,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of $31.98 per share, for a total transaction of $159,900.00. Following the transaction, the director now owns 132,405 shares of the company’s stock, valued at $4,234,311.90. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 25,000 shares of company stock worth $797,600. 0.33% of the stock is currently owned by corporate 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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