Hudson Pacific Properties, Inc. (NYSE:HPP) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, HPP is expected to report 3Q20 income of $ 0.05 per share from revenue of $ 184.19 million.
For the full year, analysts anticipate top line of $ 758.80 million, while looking forward to income of $ 0.21 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.14 ~ $ 2.22 per share
Click Here For More Historical Outlooks Of Hudson Pacific Properties, Inc.
Previous Quarter Performance
Hudson Pacific Properties, Inc. recorded income for the second quarter of $ 0.50 per share, from the revenue of $ 198.61 million. The quarterly earnings gained 525.00 percent while revenues improved 10.92 percent compared with the same quarter last year. The top line results outshined analysts by $ 9.27 million or 4.90 percent.
Stock Performance
Shares of Hudson Pacific Properties, Inc. traded low $ -0.28 or -1.42 percent on Wednesday, reaching $ 19.47 with volume of 2.70 million shares. Hudson Pacific Properties, Inc. has traded high as $ 19.52 and has cracked $ 18.95 on the downward trend
According to the previous trading day, closing price of $ 19.47, representing a 22.37 % increase from the 52 week low of $ 16.14 and a 49.11 % decrease over the 52 week high of $ 38.81.
The company has a market capital of $ 2.99 billion and is part of the Real Estate sector and REIT – Office industry.
Recent Analyst recommendations
- On 23rd September 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 25.50 target price.
Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling more than 20 million square feet. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more. Hudson Pacific is publicly traded on the NYSE under the symbol HPP, and listed as a component of the Russell 2000 and the Russell 3000 indices.