Hudson Pacific Properties: The Dividend Is Back [Seeking Alpha]
Hudson Pacific Properties, Inc. (HPP)
Last hudson pacific properties, inc. earnings: 2/20 06:00 am
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US:NYSE Investor Relations:
hudsonpacificproperties.com
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Source: Seeking Alpha
The REIT conducted $1 billion in asset sales in 2023 as higher office vacancies continue to pressure FFO. The leases for a third of HPP's office rent base come up for renewal over the next two years, with rents set to drop dramatically. What a difference a few months make. Hudson Pacific Properties ( NYSE: HPP ) back in October was trading close to 52-week lows, had suspended its dividend, and faced an uncertain end date with the actors strike that had broadly shuttered its studio portfolio as it teetered on the edge of violating its stringent debt covenants. The equity REIT has since staged a dramatic recovery and last declared a quarterly cash dividend of $0.05 per share , a jump from a prior suspension and $0.20 per share annualized for a 3.1% dividend yield. HPP still faces pertinent headwinds from rising office vacancies in its West Coast markets but the fourth quarter selloff was overdone with the REIT now trading hands for 6x times the midpoint of its guided FFO for 2024 o
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HPP
News
- Hudson Pacific Properties Announces Dates for First Quarter Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- Hudson Pacific Properties Announces Dates for First Quarter Earnings Release and Conference CallBusiness Wire
- Hudson Pacific Properties, Inc. (NYSE: HPP) had its price target lowered by analysts at Piper Sandler from $11.00 to $9.00. They now have an "overweight" rating on the stock.MarketBeat
- Hudson Pacific Properties, Inc. (NYSE: HPP) had its price target lowered by analysts at Morgan Stanley from $8.00 to $7.00. They now have an "equal weight" rating on the stock.MarketBeat
- Hudson Pacific Properties, Inc. (NYSE: HPP) was upgraded by analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating. They now have a $8.40 price target on the stock.MarketBeat
HPP
Earnings
- 2/12/24 - Miss
HPP
Sec Filings
- 4/26/24 - Form S-3ASR
- 3/28/24 - Form DEF
- 3/28/24 - Form ARS
- HPP's page on the SEC website