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About Hudson Pacific Properties (NYSE:HPP)
Hudson Pacific Properties is a vertically integrated real estate Company focused on acquiring, repositioning, developing and operating high-quality office and state-of-the-art studio properties in select West Coast markets. Hudson Pacific invests across the risk-return spectrum, favoring opportunities where it can employ leasing, capital investment and management expertise to create additional value. Founded in 2006 as Hudson Capital, the Company went public in 2010, electing to be taxed as a real estate investment trust. Through the years, Hudson Pacific has strategically assembled a portfolio in high-growth, high-barrier-to-entry submarkets throughout Northern and Southern California and the Pacific Northwest. The Company is a leading provider of design-forward, next-generation workspaces for a variety of tenants, with a focus on Fortune 500 and industry-leading growth companies, many in the technology, studio sectors. As a long-term owner, Hudson Pacific prioritizes tenant satisfaction and retention, providing highly customized build-outs and working proactively to accommodate tenants' growth. Hudson Pacific trades as a component of the Russell 2000® and the Russell 3000® indices. For more information visit hudsonpacificproperties.com.
Industry, Sector and Symbol
Industry Real estate
Sub-IndustryOffice REITs
SectorFinance
SymbolNYSE:HPP
CUSIP44409710
Phone310-445-5700
Debt
Debt-to-Equity Ratio0.57
Current Ratio1.37
Quick Ratio1.37
Price-To-Earnings
Trailing P/E Ratio16.73
Forward P/E Ratio17.43
P/E Growth3.16
Sales & Book Value
Annual Sales$728.14 million
Price / Sales7.17
Cash Flow$2.2668 per share
Price / Cash14.69
Book Value$25.14 per share
Price / Book1.32
Profitability
EPS (Most Recent Fiscal Year)$1.99
Net Income$67.96 million
Net Margins13.47%
Return on Equity2.44%
Return on Assets1.44%
Miscellaneous
Employees293
Outstanding Shares156,680,000
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 announced 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 annualized dividend and a yield of 3.00%. The ex-dividend date is Friday, March 16th. View Hudson Pacific Properties' Dividend History.
How were Hudson Pacific Properties' earnings last quarter?
Hudson Pacific Properties (NYSE:HPP) posted its quarterly earnings data on Thursday, May, 3rd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by $0.15. The real estate investment trust earned $174.12 million during the quarter, compared to analyst estimates of $173.65 million. Hudson Pacific Properties had a return on equity of 2.44% and a net margin of 13.47%. Hudson Pacific Properties's revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 EPS. View Hudson Pacific Properties' Earnings History.
What guidance has Hudson Pacific Properties issued on next quarter's earnings?
Hudson Pacific Properties updated its FY18 earnings guidance on Thursday, May, 3rd. The company provided earnings per share guidance of $1.87-1.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.91.
What price target have analysts set for HPP?
9 equities research analysts have issued 1-year price objectives for Hudson Pacific Properties' shares. Their predictions range from $32.00 to $40.00. On average, they expect Hudson Pacific Properties' share price to reach $36.4444 in the next twelve months. View Analyst Ratings for Hudson Pacific Properties.
Who are some of Hudson Pacific Properties' key competitors?
Some companies that are related to Hudson Pacific Properties include Hongkong Land (HNGKY), CBRE Group (CBRE), New World Development (NDVLY), Hang Lung Properties (HLPPY), Bellway (BLWYY), Brookfield Property Partners (BPY), Colliers International Gr (CIGI), Kennedy-Wilson (KW), Shanghai Industrial (SGHIY), FirstService (FSV), Urban Edge Properties (UE), Terreno Realty (TRNO), Gazit Globe (GZT), Five Point (FPH) and Seritage Growth Properties (SRG).
Who are Hudson Pacific Properties' key executives?
Hudson Pacific Properties' management team includes the folowing people:
- Mr. Victor J. Coleman, Chairman, Pres & CEO (Age 56)
- Mr. Mark T. Lammas, COO, CFO & Treasurer (Age 51)
- Mr. Alexander Vouvalides, Chief Investment Officer (Age 39)
- Mr. Christopher J. Barton, Exec. VP of Devel. & Capital Investments (Age 53)
- Mr. Joshua A. Hatfield, Exec. VP of Operations (Age 45)
Has Hudson Pacific Properties been receiving favorable news coverage?
Media coverage about HPP stock has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hudson Pacific Properties earned a media sentiment score of 0.18 on Accern's scale. They also gave headlines about the real estate investment trust an impact score of 50.21 out of 100, indicating that recent news coverage is somewhat likely to have an effect 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (7.01%), Daiwa Securities Group Inc. (3.83%), Brookfield Asset Management Inc. (3.20%), Principal Financial Group Inc. (2.76%), Nuveen Asset Management LLC (1.71%) and Dimensional Fund Advisors LP (1.55%). Company insiders that own Hudson Pacific Properties stock include Alex Vouvalides, 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 Millennium Management LLC, Citadel Advisors LLC, Principal Financial Group Inc., Russell Investments Group Ltd., Prudential Financial Inc., Citigroup Inc., Stevens Capital Management LP and BlackRock Inc.. 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., Centersquare Investment Management LLC, Brookfield Asset Management Inc., Wells Fargo & Company MN, Allianz Asset Management GmbH, Teachers Insurance & Annuity Association of America, Northern Trust Corp and Schwab Charles Investment Management Inc.. 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 $33.30.
How big of a company is Hudson Pacific Properties?
Hudson Pacific Properties has a market capitalization of $5.22 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 $1.99 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 HPP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HPP will underperform the S&P 500 over the long term. You may vote once every thirty days.
Hudson Pacific Properties (NYSE:HPP) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Hudson Pacific Properties in the last 12 months. Their average twelve-month price target is $36.4444, suggesting that the stock has a possible upside of 9.44%. The high price target for HPP is $40.00 and the low price target for HPP is $32.00. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Hold | Buy |
| Consensus Rating Score: | 2.67 | 2.63 | 2.43 | 2.50 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $36.4444 | $36.75 | $36.8333 | $37.7857 |
| Price Target Upside: | 9.44% upside | 15.24% upside | 17.75% upside | 6.59% upside |
Hudson Pacific Properties (NYSE:HPP) Consensus Price Target History
Hudson Pacific Properties (NYSE:HPP) Analyst Ratings History
Show:
(Data available from 5/20/2016 forward)
Hudson Pacific Properties (NYSE:HPP) Dividend Information
Hudson Pacific Properties pays an annual dividend of $1.00 per share, with a dividend yield of 3.00%. HPP's most recent quarterly dividend payment was Thursday, March 29. The company has grown its dividend for the last 2 consecutive years and is increasing its dividend by an average of 26.00% each year. Hudson Pacific Properties pays out 50.25% of its earnings out as a dividend.
| Most Recent Dividend: | 3/29/2018 |
| Annual Dividend: | $1.00 |
| Dividend Yield: | 3.00% |
| Dividend Growth: | 26.00% (3 Year Average) |
| Payout Ratio(s): | 50.25% (Trailing 12 Months of Earnings)
52.36% (Based on This Year's Estimates)
47.62% (Based on Next Year's Estimates)
44.11% (Based on Cash Flow)
|
| Track Record: | 2 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Hudson Pacific Properties (NYSE:HPP) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/9/2018 | Quarterly | $0.25 | 3.07% | 3/16/2018 | 3/19/2018 | 3/29/2018 |
| 12/8/2017 | Quarterly | $0.25 | 2.88% | 12/15/2017 | 12/18/2017 | 12/28/2017 |
| 9/8/2017 | Quarterly | $0.25 | 3.1% | 9/18/2017 | 9/19/2017 | 9/29/2017 |
| 6/9/2017 | Quarterly | $0.25 | 2.82% | 6/16/2017 | 6/20/2017 | 6/30/2017 |
| 3/9/2017 | quarterly | $0.25 | 2.94% | 3/16/2017 | 3/20/2017 | 3/30/2017 |
| 12/9/2016 | quarterly | $0.20 | 2.33% | 12/15/2016 | 12/19/2016 | 12/29/2016 |
| 9/9/2016 | quarterly | $0.20 | 2.42% | 9/16/2016 | 9/20/2016 | 9/30/2016 |
| 6/10/2016 | quarterly | $0.20 | 2.77% | 6/16/2016 | 6/20/2016 | 6/30/2016 |
| 3/10/2016 | quarterly | $0.20 | 2.9% | 3/16/2016 | 3/20/2016 | 3/30/2016 |
| 12/10/2015 | quarterly | $0.20 | 2.93% | 12/16/2015 | 12/20/2015 | 12/30/2015 |
| 9/9/2015 | quarterly | $0.1250 | 1.8% | 9/16/2015 | 9/20/2015 | 9/30/2015 |
| 6/9/2015 | quarterly | $0.1250 | 1.71% | 6/17/2015 | 6/20/2015 | 6/30/2015 |
| 3/10/2015 | quarterly | $0.1250 | 1.63% | 3/18/2015 | 3/20/2015 | 3/30/2015 |
| 12/5/2014 | quarterly | $0.1250 | 1.74% | 12/17/2014 | 12/19/2014 | 12/30/2014 |
| 9/8/2014 | quarterly | $0.1250 | 1.89% | 9/17/2014 | 9/20/2014 | 9/30/2014 |
| 6/10/2014 | quarterly | $0.1250 | 2.02% | 6/18/2014 | 6/20/2014 | 6/30/2014 |
| 3/10/2014 | quarterly | $0.1250 | | 3/19/2014 | 3/21/2014 | 3/31/2014 |
| 12/3/2013 | quarterly | $0.1250 | 2.44% | 12/18/2013 | 12/20/2013 | 12/30/2013 |
| 9/10/2013 | quarterly | $0.1250 | 2.52% | 9/18/2013 | 9/20/2013 | 9/30/2013 |
| 6/10/2013 | quarterly | $0.1250 | 2.37% | 6/18/2013 | 6/20/2013 | 7/1/2013 |
| 3/7/2013 | quarterly | $0.1250 | 2.19% | 3/18/2013 | 3/20/2013 | 4/1/2013 |
| 12/10/2012 | quarterly | $0.1250 | 2.5% | 12/18/2012 | 12/20/2012 | 12/31/2012 |
(Data available from 1/1/2013 forward)
Hudson Pacific Properties (NYSE HPP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.93%
Hudson Pacific Properties (NYSE HPP) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/10/2018 | Harout Krikor Diramerian | Insider | Sell | 10,000 | $34.97 | $349,700.00 | 60,828 |  |
| 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 | |
(Data available from 1/1/2013 forward)
Hudson Pacific Properties (NYSE HPP) News Headlines
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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 Sunday, May, 20, 2018
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