Hudson Pacific Properties: The Preferreds Have Dipped, But I'm Not Buying [Seeking Alpha]
Hudson Pacific Properties, Inc. (HPP)
Last hudson pacific properties, inc. earnings: 2/20 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
hudsonpacificproperties.com
Company Research
Source: Seeking Alpha
Follow Summary 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 discount to their liquidation value. HPP faces a $600 million debt maturity due next year and $952.8 million in 2026 as leases covering 18.9% of its rent are set to expire next year. Matteo Colombo Hudson Pacific Properties ( NYSE: HPP ) has shed an intense amount of value over the last few months as the office REIT faces ever-higher vacancy rates, falling net operating income, and cash rent that's dipping. HPP last declared a quarterly cash dividend of $0.05 per share , kept unchanged from its prior distribution and $0.20 per share annualized for a 4% dividend yield. The Series C Preferreds NYSE: HPP.PR.C ), currently trading at $12.80 per share, would dip as low as $11 per share, or 45 cents on the dollar, but now offer a 9.3% yield on cost on the back of the $1
Show less
Read more
Impact Snapshot
Event Time:
HPP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HPP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HPP alerts
High impacting Hudson Pacific Properties, Inc. news events
Weekly update
A roundup of the hottest topics
HPP
News
- Hudson Pacific Properties, Inc. (NYSE: HPP) had its price target lowered by analysts at Piper Sandler from $5.00 to $4.50. They now have a "neutral" rating on the stock.MarketBeat
- Hudson Pacific Properties Inc (HPP) Q3 2024 Earnings Call Highlights: Navigating Challenges ... [Yahoo! Finance]Yahoo! Finance
- Hudson Pacific (HPP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Hudson Pacific Properties Reports Third Quarter 2024 Financial ResultsBusiness Wire
- Hudson Pacific Properties, Inc. (NYSE: HPP) was downgraded by analysts at Jefferies Financial Group Inc. from a "buy" rating to a "hold" rating. They now have a $5.00 price target on the stock, down previously from $5.50.MarketBeat
HPP
Earnings
- 11/12/24 - Miss
HPP
Sec Filings
- 11/12/24 - Form 8-K
- 9/27/24 - Form 144
- 9/24/24 - Form 4
- HPP's page on the SEC website