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

Hudson Pacific Properties (NYSE:HPP) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. 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 Stock Performance

HPP stock traded down $0.40 during midday trading on Tuesday, reaching $4.04. The company had a trading volume of 4,573,141 shares, compared to its average volume of 2,379,729. The firm has a market capitalization of $570.58 million, a PE ratio of -2.42 and a beta of 1.31. The stock has a 50 day moving average price of $4.68 and a 200 day moving average price of $4.99. Hudson Pacific Properties has a fifty-two week low of $4.04 and a fifty-two week high of $9.85. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.41.

Analyst Upgrades and Downgrades

HPP has been the topic of a number of research analyst reports. Jefferies Financial Group lowered Hudson Pacific Properties from a “buy” rating to a “hold” rating and lowered their price target for the company from $5.50 to $5.00 in a report on Tuesday. Wells Fargo & Company dropped their price target on shares of 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. Wolfe Research cut shares of Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. The Goldman Sachs Group dropped their target price on Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. Finally, Bank of America cut their target price on Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. Two research 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. Based on data from MarketBeat, Hudson Pacific Properties presently has a consensus rating of “Hold” and a consensus target price of $6.30.

Insider Buying and Selling at Hudson Pacific Properties

In other Hudson Pacific Properties news, Director Jonathan M. Glaser sold 9,287 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $5.20, for a total value of $48,292.40. Following the transaction, 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 document filed with the SEC, which is available through the SEC website. In other news, Director Jonathan M. Glaser sold 9,287 shares of the company’s stock in a transaction dated 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 approximately $19,307.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Andy Wattula sold 9,356 shares of the company’s stock in a transaction dated 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 owns 61,068 shares of the company’s stock, valued at approximately $322,439.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Company Profile

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.