Media stories about Hudson Pacific Properties (NYSE:HPP) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hudson Pacific Properties earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.9786169106242 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Member of Group Owning 10% of Hudson Pacific Properties, Inc. (NYSE:HPP), Fried Richard B, sells 17,417 shares worth $603,673 (empowerednews.net)
- Hudson Pacific Properties, Inc. (HPP) Insider Sells $603,673.22 in Stock (americanbankingnews.com)
- Q2 2018 EPS Estimates for Hudson Pacific Properties, Inc. (HPP) Decreased by DA Davidson (americanbankingnews.com)
- DA Davidson Equities Analysts Boost Earnings Estimates for Hudson Pacific Properties, Inc. (HPP) (americanbankingnews.com)
- Paramount Group (PGRE) vs. Hudson Pacific Properties (HPP) Head-To-Head Analysis (americanbankingnews.com)
A number of research firms have commented on HPP. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Monday, November 6th. BidaskClub upgraded shares of Hudson Pacific Properties from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Morgan Stanley lowered their price objective on shares of Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, September 1st. KeyCorp reaffirmed a “buy” rating on shares of Hudson Pacific Properties in a research report on Tuesday, September 26th. Finally, Barclays PLC raised their price target on shares of Hudson Pacific Properties from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $37.79.
Hudson Pacific Properties (NYSE HPP) traded down $0.17 during midday trading on Friday, reaching $35.12. 558,300 shares of the company’s stock were exchanged, compared to its average volume of 1,184,091. Hudson Pacific Properties has a 12-month low of $31.52 and a 12-month high of $36.75. The company has a quick ratio of 1.40, a current ratio of 1.32 and a debt-to-equity ratio of 0.61. The company has a market cap of $5,507.39, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 3.15 and a beta of 0.77.
Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.50. Hudson Pacific Properties had a net margin of 8.98% and a return on equity of 1.58%. The company had revenue of $190.02 million for the quarter, compared to analysts’ expectations of $183.37 million. During the same period in the prior year, the company earned $0.46 earnings per share. The firm’s revenue was up 15.5% compared to the same quarter last year. research analysts predict that Hudson Pacific Properties will post 1.96 EPS for the current fiscal year.
In other news, insider Richard B. Fried sold 17,417 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total transaction of $603,673.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by company 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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