Hudson Pacific Properties Inc (NYSE:HPP) – Investment analysts at DA Davidson dropped their Q1 2018 earnings per share (EPS) estimates for shares of Hudson Pacific Properties in a research note issued to investors on Wednesday. DA Davidson analyst B. Oxford now expects that the real estate investment trust will post earnings per share of $0.47 for the quarter, down from their prior estimate of $0.49. DA Davidson also issued estimates for Hudson Pacific Properties’ Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.49 EPS, FY2018 earnings at $1.92 EPS and FY2019 earnings at $2.08 EPS.
Several other equities analysts have also commented on HPP. Barclays dropped their target price on Hudson Pacific Properties from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. Mizuho reiterated a “hold” rating and issued a $32.00 target price on shares of Hudson Pacific Properties in a research note on Thursday, January 25th. Zacks Investment Research lowered Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Goldman Sachs Group lowered Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a research note on Monday, November 20th. Finally, Sandler O’Neill lowered Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research note on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Hudson Pacific Properties presently has a consensus rating of “Hold” and a consensus target price of $36.83.
In other Hudson Pacific Properties news, EVP Sanford Dale Shimoda sold 2,800 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $35.68, for a total transaction of $99,904.00. Following the completion of the sale, the executive vice president now directly owns 83,072 shares in the company, valued at $2,964,008.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.
Large investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new stake in Hudson Pacific Properties during the second quarter worth about $214,000. Creative Planning acquired a new stake in Hudson Pacific Properties during the fourth quarter worth about $317,000. Royal Bank of Canada increased its stake in Hudson Pacific Properties by 60.7% during the second quarter. Royal Bank of Canada now owns 9,386 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 3,544 shares during the last quarter. Pensionfund Sabic acquired a new stake in Hudson Pacific Properties during the third quarter worth about $369,000. Finally, Advisors Asset Management Inc. increased its stake in Hudson Pacific Properties by 27.9% during the third quarter. Advisors Asset Management Inc. now owns 11,489 shares of the real estate investment trust’s stock worth $385,000 after acquiring an additional 2,509 shares during the last quarter.
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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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