Hudson Pacific Properties, Inc. (HPP)
| Market Cap | 467.45M |
| Revenue (ttm) | 847.71M |
| Net Income (ttm) | -295.14M |
| Shares Out | 144.72M |
| EPS (ttm) | -2.09 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.20 (6.19%) |
| Ex-Dividend Date | Jun 17, 2024 |
| Volume | 2,971,101 |
| Open | 3.290 |
| Previous Close | 3.330 |
| Day's Range | 3.160 - 3.320 |
| 52-Week Range | 3.160 - 9.860 |
| Beta | 1.33 |
| Analysts | Hold |
| Price Target | 5.95 (+84.21%) |
| Earnings Date | Nov 12, 2024 |
About HPP
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. [Read more]
Financial Performance
In 2023, Hudson Pacific Properties's revenue was $948.40 million, a decrease of -7.67% compared to the previous year's $1.03 billion. Losses were -$192.18 million, 240.1% more than in 2022.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for HPP stock is "Hold." The 12-month stock price forecast is $5.95, which is an increase of 84.21% from the latest price.
News
Hudson Pacific Properties: I'm Still Not Buying The Preferreds
Hudson Pacific Properties suspended its common shareholder dividend due to rising vacancy rates and weak demand for studio space post-2023 Hollywood strikes. HPP's Q3 2024 revenue dropped 13.4% year-o...
Firming Inflation Fizzles Optimism
U.S. equity markets posted their worst week in two months as benchmark interest rates jumped to four-month highs after a critical slate of inflation data showed modestly firming price pressures. Fueli...
Hudson Pacific Properties: This Duckling REIT Is Ready To Fly
Hudson Pacific Properties has faced significant challenges, particularly in its office and studio segments, but its current valuation presents an attractive risk-reward proposition for patient investo...
Hudson Pacific Properties, Inc. (HPP) Q3 2024 Earnings Call Transcript
Hudson Pacific Properties, Inc. (NYSE:HPP) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Laura Campbell – Executive Vice President-Investor Relations and Marketin...
Hudson Pacific Properties Reports Third Quarter 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) (the "Company," "Hudson Pacific," or "HPP"), a unique provider of end-to-end real estate solutions for dynamic tech and media ...
Be Bio Announces $82 Million Financing and Transition to Clinical Stage Company
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Be Biopharma, Inc. (“Be Bio” or “the Company”), a leader in the discovery and development of engineered B Cell Medicines (BCMs), today announced key milestones along...
The State Of REITs: October 2024 Edition
REITs achieved their 5th straight month in the black with a +3.09% average total return in September and +9.61% year to date. Mid-cap (+5.01%), large cap (+3.41%) and small cap REITs (+2.59%) averaged...
U.S. REITs Log Dip In Short Interest In September
Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the off...
Hudson Pacific Properties Announces Date for Third Quarter Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced it will release third quart...
This REIT dropped its dividend again. The Hollywood strikes are still causing pain.
Hudson Pacific Properties' stock sank Tuesday after the real-estate investment trust suspended its dividend, as the company continues to struggle nearly a year after the Hollywood writers and actors s...
Hudson Pacific Properties Suspends Common Stock Dividend and Declares Preferred Stock Dividend
LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) (the “Company”), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced that its Bo...
Hudson Pacific Properties: The Preferreds Have Dipped, But I'm Not Buying
Hudson Pacific Properties has faced headwinds from rising office vacancy in the San Francisco Bay Area. The Series C Preferreds currently offer a 9.3% yield on cost and are trading at a reasonable dis...
Michael Burry takes a new position in Hudson Pacific: Should you follow?
Famed investor Michael Burry, renowned for his prescient bet against the U.S. housing market prior to the 2008 financial crisis, has made a strategic move in Q2 2024 by initiating a new position in Hu...
Hudson Pacific: Preferreds Catch Up To Common, More Downside Ahead
HPP.PR.C shares dropped 20% since last article, while the common shares have fallen only 2%. HPP occupancy rate dropped year over year to 78.7%. We examine the setup after the Q2-2024 results and the ...
Office REIT Hudson Pacific Properties New Guidance Numbers Indicate Continued Weakness
Management's 3Q FFO guidance of $0.08-$0.12 disappointed REIT investors. Studio rentals continue to be weak even after various union contracts were settled. There is the risk that Hudson Pacific Prope...
Hudson Pacific Properties, Inc. (HPP) Q2 2024 Earnings Call Transcript
Hudson Pacific Properties, Inc. (NYSE:HPP) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Laura Campbell - EVP, IR & Marketing Victor Coleman - Chairman & CEO Mark La...
Hudson Pacific Properties Reports Second Quarter 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) (the "Company," "Hudson Pacific," or "HPP"), a unique provider of end-to-end real estate solutions for dynamic tech and media ...
Hudson Pacific Properties Announces Date for Second Quarter Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced it will release second quar...
The State Of REITs: June 2024 Edition
After a rough start to the year, REITs partially bounced back in May with a +2.51% average total return. Small-cap REITs (-0.48%) averaged a negative return in May, but micro caps (+5.09%), large caps...
Hudson Pacific: Common Tanks While Preferreds Take The Scenic Route
We had downgraded HPP common and preferreds to a Sell on our last coverage. The common shares are down 50% while the preferreds are flat. We analyze the latest results and tell you why the two equity ...
Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains This Month
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
Hudson Pacific Properties Declares Second Quarter Dividends
LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) (the “Company”), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced that its Bo...
10 REITs At Mega Discounts To NAV
These REITs have a price-to-NAV range of 0.27x to 0.59x. There may be upside of more than 200% to the NAV estimate, which will probably decline over time. The estimates may be terrible. That's not my ...
