HPP Stock Recent News

Hudson Pacific Properties announced a dividend cut alongside the Q1-2023 results. The exact amount was not disclosed but a range was mentioned instead.

Hudson Pacific Properties (HPP) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to FFO of $0.50 per share a year ago.

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

For example, the recent HPP share price of $7.75 represents a price-to-book ratio of 0.4 and an annual dividend yield of 12.90%

Hudson Pacific is paying out a 10.9% yield to its common shareholders. This has remained constant since 2017 and is supported by a 56.5% payout ratio.

Hudson Pacific Properties, Inc. (NYSE:HPP ) Q4 2022 Results Conference Call February 9, 2023 2:00 PM ET Company Participants Laura Campbell - EVP, IR & Marketing Victor Coleman - CEO, Chairman Harout Diramerian - CFO Arthur Suazo - EVP, Leasing Mark Lammas - President Jeff Stotland - EVP, Global Studios Conference Call Participants Michael Griffin - Citi Alexander Goldfarb - Piper Sandler Dave Rodgers - Baird Dylan Burzinski - Green Street John Kim - BMO Nick Yulico - Scotiabank Ronald Camden - Morgan Stanley Vikram Malhotra - Mizuho Young Ku - Wells Fargo Operator Good morning, and welcome to the Hudson Pacific Properties Fourth Quarter 2022 Conference Call. [Operator Instructions].

Hudson Pacific (HPP) delivered FFO and revenue surprises of -2% and 0.78%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

LOS ANGELES--( BUSINESS WIRE )--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries, today announced it will release fourth quarter financial results after the market closes on Wednesday, February 8, 2023. The company will hold a conference call to discuss the results at 11:00 a.m. PT / 2:00 p.m. ET on Thursday, February 9, 2023.

Hudson Pacific's common shares are down nearly 60% year-to-date on the back of WFH fears. The company's financials continue to be healthy with FFO, excluding certain items, of $0.52 per diluted share during its fiscal 2022 third quarter.

Hudson Pacific Properties owns Class A office properties in major cities. It has been battered, thanks to its exposure to technology firms laying off a good chunk of their workforce.