Hudson Pacific Properties (NYSE:HPP) Issues Q4 2024 Earnings Guidance

Hudson Pacific Properties (NYSE:HPP) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.090-0.130 for the period, compared to the consensus earnings per share estimate of 0.130. The company issued revenue guidance of -. Hudson Pacific Properties also updated its Q4 guidance to $0.09-0.13 EPS.

Hudson Pacific Properties Price Performance

Shares of HPP stock traded down $0.40 on Tuesday, reaching $4.04. 4,573,141 shares of the company were exchanged, compared to its average volume of 2,379,729. The business has a 50-day moving average price of $4.68 and a 200 day moving average price of $4.99. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $570.58 million, a price-to-earnings ratio of -2.42 and a beta of 1.31. Hudson Pacific Properties has a 1 year low of $4.04 and a 1 year high of $9.85.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HPP. Jefferies Financial Group downgraded Hudson Pacific Properties from a “buy” rating to a “hold” rating and cut their price objective for the stock from $5.50 to $5.00 in a research report on Tuesday. Wolfe Research downgraded shares of Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Piper Sandler cut shares of Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $7.00 to $6.00 in a report on Thursday, August 8th. BMO Capital Markets lowered Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $8.00 to $6.00 in a research report on Thursday, August 8th. Finally, Wells Fargo & Company dropped their price target on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.30.

Insider Transactions at Hudson Pacific Properties

In related news, COO Andy Wattula sold 9,356 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $5.28, for a total transaction of $49,399.68. Following the transaction, the chief operating officer now directly owns 61,068 shares in the company, valued at $322,439.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Jonathan M. Glaser sold 9,287 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $5.20, for a total transaction of $48,292.40. Following the completion of the sale, the director now owns 3,713 shares in the company, valued at $19,307.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Andy Wattula sold 9,356 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $5.28, for a total value of $49,399.68. Following the sale, the chief operating officer now directly owns 61,068 shares in the company, valued at $322,439.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.95% of the stock is currently owned by company insiders.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.