Published On: Sun, Sep 11th, 2016

Hudson Pacific Properties Inc. (HPP) Announces $0.20 Dividend

Hudson Pacific Properties Inc. (NYSE:HPP) announced a dividend on Friday, September 9th. Shareholders of record on Tuesday, September 20th will be given a dividend of 0.20 per share by the real estate investment trust on Friday, September 30th. The ex-dividend date of this dividend is Friday, September 16th.
Several analysts have issued reports on the company. Robert W. Baird restated an “outperform” rating and issued a $38.00 price objective on shares of Hudson Pacific Properties in a research note on Friday, August 26th. BTIG Research assumed coverage on Hudson Pacific Properties in a research note on Thursday, August 25th. They issued a “buy” rating and a $38.00 price objective on the stock. Zacks Investment Research lowered Hudson Pacific Properties from a “buy” rating to a “hold” rating in a research note on Monday, August 22nd. Mizuho upped their price objective on Hudson Pacific Properties from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Finally, DA Davidson upped their price objective on Hudson Pacific Properties from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $36.00.
In other Hudson Pacific Properties news, Director Richard B. Fried sold 804,627 shares of Hudson Pacific Properties stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $30.32, for a total transaction of $24,396,290.64. Following the completion of the transaction, the director now owns 20,559 shares in the company, valued at approximately $623,348.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.35% of the company’s stock.

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Shares of Hudson Pacific Properties (NYSE:HPP) opened at 32.25 on Friday. Hudson Pacific Properties has a 12 month low of $22.77 and a 12 month high of $34.38. The firm’s market cap is $3.07 billion. The company’s 50-day moving average price is $33.34 and its 200-day moving average price is $29.85.
Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business earned $154.30 million during the quarter, compared to the consensus estimate of $151.59 million. Hudson Pacific Properties had a return on equity of 0.15% and a net margin of 0.92%. On average, analysts predict that Hudson Pacific Properties will post $1.76 EPS for the current year.
Hudson Pacific Properties Company Profile
Hudson Pacific Properties, Inc is a full-service, vertically integrated real estate investment trust (REIT). The Company is focused on owning, operating and acquiring office, and media and entertainment properties in select growth markets primarily in Northern and Southern California, and the Pacific Northwest.

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