Ratings Round Up: Hudson Pacific Properties, Inc. (HPP)

The shares of Hudson Pacific Properties, Inc. (NYSE:HPP) currently has mean rating of 2.00 while 3 analysts have recommended the shares as “BUY”, 4 recommended as “OUTPERFORM” and 3 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 151.27M by 4 analysts. The means estimate of sales for the year ending Dec-16 is 619.14M by 5 analysts.

The mean price target for the shares of Hudson Pacific Properties, Inc. (HPP) is at 33.89 while the highest price target suggested by the analysts is 37.00 and low price target is 28.00. The mean price target is calculated keeping in view the consensus of 9 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Hudson Pacific Properties, Inc. (HPP) stands at 0.42 while the EPS for the current year is fixed at 1.73 by 10 analysts.

The next one year’s EPS estimate is set at 1.94 by 10 analysts while a year ago the analysts suggested the company’s EPS at 1.73. The analysts also projected the company’s long-term growth at 7.43% for the upcoming five years.

In its latest quarter ended on 31^st March 2016, Hudson Pacific Properties, Inc. (HPP) reported earnings of $0.43. The posted earnings topped the analyst’s consensus by $0.02 with the surprise factor of 4.90%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 10, 2016 Hudson Pacific Properties, Inc. (HPP) announced that the company’s Board of Directors has declared a quarterly dividend on its common stock of $0.20 per share for the second quarter of 2016. The dividend will be paid on June 30, 2016 to stockholders of record on June 20, 2016.

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 media and entertainment 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.