Intraday Mover: Hudson Pacific Properties Inc. (NYSE: HPP)

CHICAGO, May 16, 2020 – Shares of Hudson Pacific Properties Inc. (NYSE: HPP) declined -2.12% to $19.89. The stock grabbed the investor’s attention and traded 1.668M shares as compared to its average daily volume of 2.08M shares.

Hudson Pacific Properties Inc. (NYSE: HPP) posted revenues of $208.22M for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 5.08%. This compares to year-ago revenues of $180.70M. The company has topped consensus revenue estimates three times over the last four quarters. Hudson Pacific Properties came out with quarterly funds from operations (FFO) of $0.51 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.47 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.48 per share when it actually produced FFO of $0.48, delivering no surprise. Over the last four quarters, the company has not been able to surpass consensus FFO estimates.

HPP has a market value of $3.07B while its EPS was booked as $0.60 in the last 12 months. The stock has 154.42M shares outstanding. In the profitability analysis, the company has gross profit margin of 63.20% while net profit margin was -1.20%. Beta value of the company was 0.82; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.90.

Julius Breit

I am Julius Breit and I focus on breaking news stories and ensuring we (“Liberty Headquarters”) offer timely reporting on some of the most recent stories released. I have formerly spent over 3 years as a trader in the U.S. Stock Market and is now semi-stepped down. I work on a full-time basis for Liberty Headquarters specializing in breaking stories, activism, companies, and legislation. Address: 3083 Olen Thomas Drive, Frisco, TX 75034, USA Phone: (+1) 940-698-0374 Email: juliusbreit@libertyheadquarters.com

Julius Breit

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