About Hudson Pacific Properties (NYSE:HPP)
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. As of December 31, 2016, the Company's portfolio included office properties consisting of an aggregate of approximately 14.1 million square feet, and media and entertainment properties consisting of approximately 0.9 million square feet of sound-stage, office and supporting production facilities. As of December 31, 2016, the Company also owned undeveloped density rights for approximately 2.5 million square feet of future office and residential space. The Company's in-service office properties include stabilized office properties and lease-up office properties.
Industry, Sector and Symbol
Industry REAL ESTATE
Trailing P/E Ratio73.6607650173868
Forward P/E Ratio16.86
Sales & Book Value
Annual Sales$728.14 million
Price / Sales6.93
Cash Flow$2.25 per share
Price / Cash14.31
Book Value$25.06 per share
Price / Book1.29
Net Income$67.96 million
Return on Equity1.81%
Return on Assets1.06%
Hudson Pacific Properties (NYSE:HPP) Frequently Asked Questions
What is Hudson Pacific Properties' stock symbol?
Hudson Pacific Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "HPP."
How often does Hudson Pacific Properties pay dividends? What is the dividend yield for Hudson Pacific Properties?
Hudson Pacific Properties declared a quarterly dividend on Friday, March 9th. Shareholders of record on Monday, March 19th will be given a dividend of $0.25 per share on Thursday, March 29th. This represents a $1.00 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Friday, March 16th. View Hudson Pacific Properties' Dividend History.
How were Hudson Pacific Properties' earnings last quarter?
Hudson Pacific Properties Inc (NYSE:HPP) issued its earnings results on Thursday, February, 15th. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. The real estate investment trust earned $189.33 million during the quarter, compared to analysts' expectations of $189.63 million. Hudson Pacific Properties had a net margin of 10.14% and a return on equity of 1.81%. Hudson Pacific Properties's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. View Hudson Pacific Properties' Earnings History.
When will Hudson Pacific Properties make its next earnings announcement?
What guidance has Hudson Pacific Properties issued on next quarter's earnings?
Hudson Pacific Properties issued an update on its FY18 earnings guidance on Thursday, February, 15th. The company provided EPS guidance of $1.87-1.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.91.
Where is Hudson Pacific Properties' stock going? Where will Hudson Pacific Properties' stock price be in 2018?
8 Wall Street analysts have issued twelve-month price targets for Hudson Pacific Properties' stock. Their forecasts range from $32.00 to $40.00. On average, they anticipate Hudson Pacific Properties' share price to reach $36.88 in the next twelve months. View Analyst Ratings for Hudson Pacific Properties.
Are investors shorting Hudson Pacific Properties?
Hudson Pacific Properties saw a increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,650,638 shares, an increase of 60.4% from the February 15th total of 1,029,374 shares. Based on an average daily trading volume, of 1,467,864 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.1% of the company's shares are sold short.
Who are some of Hudson Pacific Properties' key competitors?
Some companies that are related to Hudson Pacific Properties include Regency Centers (REG), Land Securities Gp (LSGOF), UDR (UDR), Duke Realty (DRE), City Developments (CDEVY), Iron Mountain Incorporated (Delaware) REIT (IRM), British Land (BTLCY), SL Green Realty (SLG), Federal Realty Investment Trust (FRT), Segro (SEGXF), Macerich (MAC), Jones Lang LaSalle (JLL), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), AGNC Investment (AGNC), Gaming and Leisure Properties (GLPI), Sun Communities (SUI) and VICI Properties (VICI).
Who are Hudson Pacific Properties' key executives?
Hudson Pacific Properties' management team includes the folowing people:
- Victor J. Coleman, Chairman of the Board, President, Chief Executive Officer (Age 55)
- Mark T. Lammas, Chief Financial Officer, Chief Operating Officer, Treasurer (Age 50)
- Dale Shimoda, Executive Vice President - Finance (Age 49)
- Kay L. Tidwell, Executive Vice President, General Counsel, Secretary (Age 39)
- Christopher James Barton, Executive Vice President - Development and Capital Investments (Age 52)
- Joshua A. Hatfield, Executive Vice President - Operations (Age 44)
- Arthur X. Suazo, Executive Vice President - Leasing (Age 52)
- Drew Gordon, Senior Vice President - Northern California (Age 50)
- Gary Hansel, Senior Vice President - Southern California (Age 54)
- David Tye, Senior Vice President - Pacific Northwest (Age 55)
Has Hudson Pacific Properties been receiving favorable news coverage?
Media stories about HPP stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. 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 news sentiment score of 0.08 on Accern's scale. They also gave media headlines about the real estate investment trust an impact score of 45.67 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Hudson Pacific Properties' major shareholders?
Hudson Pacific Properties' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.09%), Cbre Clarion Securities LLC (3.92%), Goldman Sachs Group Inc. (3.56%), Brookfield Asset Management Inc. (2.25%), Daiwa Securities Group Inc. (2.15%) and Millennium Management LLC (1.98%). Company insiders that own Hudson Pacific Properties stock include Alex Vouvalides, Barry Alan Porter, Harout Krikor Diramerian, Jonathan M Glaser, Mark David Linehan, Mark T Lammas, Real Estate Partner Blackstone, Richard B Fried, Sanford Dale Shimoda and Victor J Coleman. View Institutional Ownership Trends for Hudson Pacific Properties.
Which institutional investors are selling Hudson Pacific Properties stock?
HPP stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Citadel Advisors LLC, Standard Life Aberdeen plc, Alliancebernstein L.P., Heitman Real Estate Securities LLC, Teachers Advisors LLC, Teachers Insurance & Annuity Association of America and Bamco Inc. NY. Company insiders that have sold Hudson Pacific Properties company stock in the last year include Alex Vouvalides, Harout Krikor Diramerian, Mark David Linehan, Mark T Lammas, Richard B Fried, Sanford Dale Shimoda and Victor J Coleman. View Insider Buying and Selling for Hudson Pacific Properties.
Which institutional investors are buying Hudson Pacific Properties stock?
HPP stock was purchased by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., PGGM Investments, Bank of New York Mellon Corp, Millennium Management LLC, Renaissance Technologies LLC, Westwood Holdings Group Inc., Schwab Charles Investment Management Inc. and Quantitative Investment Management LLC. Company insiders that have bought Hudson Pacific Properties stock in the last two years include Barry Alan Porter, Jonathan M Glaser and Victor J Coleman. View Insider Buying and Selling for Hudson Pacific Properties.
How do I buy shares of Hudson Pacific Properties?
Shares of HPP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Hudson Pacific Properties' stock price today?
One share of HPP stock can currently be purchased for approximately $32.21.
How big of a company is Hudson Pacific Properties?
Hudson Pacific Properties has a market capitalization of $5.08 billion and generates $728.14 million in revenue each year. The real estate investment trust earns $67.96 million in net income (profit) each year or $0.44 on an earnings per share basis. Hudson Pacific Properties employs 293 workers across the globe.
How can I contact Hudson Pacific Properties?
Hudson Pacific Properties' mailing address is 11601 WILSHIRE BLVD. NINTH FLOOR, LOS ANGELES CA, 90025. The real estate investment trust can be reached via phone at 310-445-5700 or via email at [email protected]
MarketBeat Community Rating for Hudson Pacific Properties (HPP)MarketBeat's community ratings are surveys of what our community members think about Hudson Pacific Properties and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Hudson Pacific Properties (NYSE:HPP) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.63||2.50||2.67||2.78|
|Ratings Breakdown: ||0 Sell Rating(s)|
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$36.88||$36.83||$38.33||$38.06|
|Price Target Upside: ||14.48% upside||17.75% upside||8.13% upside||19.66% upside|
Hudson Pacific Properties (NYSE:HPP) Consensus Price Target History
Hudson Pacific Properties (NYSE:HPP) Analyst Ratings History
(Data available from 3/21/2016 forward)
Hudson Pacific Properties (NYSE:HPP) Earnings History and Estimates Chart
Hudson Pacific Properties (NYSE HPP) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/15/2018||Q4 2017||$0.50||$0.52||$189.63 million||$189.33 million||View||Listen|
|11/2/2017||Q3 2017||$0.50||$0.50||$183.37 million||$190.02 million||View||N/A|
|8/3/2017||Q2 2017||$0.47||$0.48||$175.79 million||$166.85 million||View||Listen|
|5/4/2017||Q1 2017||$0.48||$0.48||$173.93 million||$168.30 million||View||Listen|
|2/16/2017||Q416||$0.46||$0.46||$165.68 million||$167.20 million||View||N/A|
|11/3/2016||Q316||$0.44||$0.46||$17.50 million||$164.60 million||View||N/A|
|8/4/2016||Q216||$0.42||$0.43||$151.59 million||$154.30 million||View||N/A|
|5/5/2016||Q116||$0.41||$0.43||$150.87 million||$142.30 million||View||N/A|
|2/25/2016||Q415||$0.42||$0.44||$153.75 million||$154.70 million||View||Listen|
|11/5/2015||Q315||$0.42||$0.43||$155.18 million||$151.60 million||View||N/A|
|8/6/2015||Q215||$0.41||$0.47||$165.52 million||$143.56 million||View||N/A|
|5/7/2015||Q115||$0.21||$0.23||$64.80 million||$52.94 million||View||N/A|
|2/26/2015||Q414||$0.30||($0.03)||$75.80 million||$68.80 million||View||N/A|
|11/3/2014||Q3 2014||$0.29||$0.11||$59.76 million||$68.16 million||View||N/A|
|8/5/2014||Q2 2014||$0.26||$0.05||$57.94 million||$52.91 million||View||N/A|
|5/8/2014||Q1 2014||$0.27||$0.02||$59.42 million||$55.60 million||View||N/A|
|2/26/2014||Q413||$0.23||$0.26||$55.66 million||$47.69 million||View||N/A|
|11/4/2013||Q3 2013||$0.21||($0.10)||$51.03 million||$53.35 million||View||N/A|
|8/5/2013||2Q13||$0.22||$0.24||$48.42 million||$47.39 million||View||N/A|
|5/6/2013||Q113||$0.22||$0.29||$48.82 million||$49.40 million||View||N/A|
|3/6/2013||Q412||$0.21||$0.23||$44.58 million||$45.20 million||View||N/A|
Hudson Pacific Properties (NYSE:HPP) Earnings Estimates
2018 EPS Consensus Estimate: $1.91
2019 EPS Consensus Estimate: $2.10
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Hudson Pacific Properties (NYSE:HPP) Dividend Information
|Dividend Growth:||26.00% (3 Year Average)|
|Payout Ratio:||227.28% (Trailing 12 Months of Earnings) |
52.36% (Based on This Year's Estimates)
47.85% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Hudson Pacific Properties (NYSE:HPP) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Hudson Pacific Properties (NYSE HPP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.33%
Hudson Pacific Properties (NYSE HPP) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|11/22/2017||Sanford Dale Shimoda||EVP||Sell||2,800||$35.68||$99,904.00||83,072|| |
|11/7/2017||Richard B Fried||Insider||Sell||17,417||$34.66||$603,673.22|| |
|8/11/2017||Jonathan M Glaser||Director||Buy||15,000||$31.78||$476,700.00||132,405|| |
|8/10/2017||Jonathan M Glaser||Director||Buy||5,000||$31.98||$159,900.00||132,405|| |
|8/9/2017||Jonathan M Glaser||Director||Buy||5,000||$32.20||$161,000.00||132,405|| |
|6/14/2017||Sanford Dale Shimoda||EVP||Sell||5,000||$35.87||$179,350.00||85,872|| |
|6/13/2017||Alex Vouvalides||Insider||Sell||6,500||$35.16||$228,540.00||177,170|| |
|6/13/2017||Sanford Dale Shimoda||EVP||Sell||5,000||$35.55||$177,750.00||93,872|| |
|6/13/2017||Victor J Coleman||CEO||Sell||58,086||$35.50||$2,062,053.00||936,165|| |
|6/12/2017||Mark T Lammas||CFO||Sell||65,963||$35.51||$2,342,346.13||321,780|| |
|6/8/2017||Mark David Linehan||Director||Sell||9,000||$34.58||$311,220.00||34,146|| |
|6/7/2017||Harout Krikor Diramerian||Insider||Sell||20,000||$34.01||$680,200.00||52,876|| |
|3/14/2017||Jonathan M Glaser||Director||Buy||10,000||$33.58||$335,800.00||127,772|| |
|1/10/2017||Real Estate Partner Blackstone||Major Shareholder||Sell||8,626,311||$35.00||$301,920,885.00|| |
|1/10/2017||Richard B Fried||Director||Sell||1,165,922||$35.00||$40,807,270.00||20,559|| |
|11/28/2016||Richard B Fried||Director||Sell||1,165,918||$32.50||$37,892,335.00||20,559|| |
|7/21/2016||Richard B Fried||Director||Sell||804,627||$30.32||$24,396,290.64||20,559|| |
|5/19/2016||Barry Alan Porter||Director||Buy||5,000||$27.61||$138,050.00||63,673|| |
|5/19/2016||Victor J Coleman||CEO||Buy||10,000||$26.86||$268,600.00||898,085|| |
|5/17/2016||Jonathan M Glaser||Director||Buy||15,000||$28.24||$423,600.00|| |
|5/16/2016||Jonathan M Glaser||Director||Buy||35,500||$28.74||$1,020,270.00|| |
|5/16/2016||Richard B Fried||Insider||Sell||482,777||$29.08||$14,039,155.16||17,303|| |
|3/10/2016||Jonathan M Glaser||Director||Buy||4,000||$26.44||$105,760.00|| |
|3/1/2016||Jonathan M Glaser||Director||Buy||1,000||$26.03||$26,030.00||116,436|| |
|9/1/2015||Jonathan M Glaser||Director||Buy||5,000||$27.66||$138,300.00||114,295|| |
|8/18/2015||Harout Krikor Diramerian||CAO||Sell||4,885||$31.62||$154,463.70||27,094|| |
|4/10/2015||Farallon Capital Partners, L.P||Insider||Sell||6,037,500||$32.79||$197,969,625.00|| |
|3/25/2014||Farallon Partners L. C/Ca||Insider||Sell||3,511,845||$22.14||$77,752,248.30|| |
|9/3/2013||Jonathan Glaser||Director||Buy||1,750||$19.60||$34,300.00||98,368|| |
|8/30/2013||Jonathan Glaser||Director||Buy||5,000||$19.92||$99,600.00||96,618|| |
|8/16/2013||Jonathan Glaser||Director||Buy||4,000||$19.89||$79,560.00||417|| |
|8/15/2013||Jonathan Glaser||Director||Buy||3,200||$20.23||$64,736.00||87,618|| |
|8/15/2013||Victor Coleman||CEO||Buy||7,000||$20.27||$141,890.00||537,964|| |
Hudson Pacific Properties (NYSE HPP) News Headlines
Hudson Pacific Properties (NYSE:HPP) SEC Filings
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Hudson Pacific Properties (NYSE:HPP) Income Statement, Balance Sheet and Cash Flow Statement
Hudson Pacific Properties (NYSE HPP) Stock Chart for Wednesday, March, 21, 2018