HPP News

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Hudson Pacific Properties, Inc. (the "Company" or "Hudson Pacific") (NYSE: HPP) today announced that the Company’s Board of Directors has declared a quarterly dividend on its common stock of $0.25 per share for the first quarter of 2020. The dividend will be paid on March 30, 2020 to stockholders of record on March 20, 2020.

Investors who take an interest in Hudson Pacific Properties, Inc. (NYSE:HPP) should definitely note that the...

Hudson Pacific (HPP) delivered FFO and revenue surprises of 3.77% and 1.24%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Hudson Pacific Properties, Inc. (NYSE: HPP) announced it will release first quarter financial results before the market opens on Tuesday, May 5, 2020. The company will hold a conference call to discuss the results at 11:00 a.m. PT / 2:00 p.m. ET on the same day.

Q1 2020 Hudson Pacific Properties Inc Earnings Call

Hudson Pacific Properties, Inc. (NYSE: HPP) today announced the cancellation of the Company’s presentation and webcast at Citi’s 2020 Global Property CEO Conference, previously scheduled to take place on Tuesday, March 3, 2020 at 11:00 a.m. ET. Management no longer plans to attend the conference in light of a growing list of cancellations.

Hudson Pacific Properties, Inc. (the "Company" or "Hudson Pacific") (NYSE: HPP) today announced financial results for the first quarter 2020.

Once again, investors are nervous, after two sessions of losses pushed the S&P 500 back below the 2,850 upper resistance level. The index’s appreciation has slowed in recent weeks, after a sharp bear market rally in the last week of March brought it back from the doldrums. Investors are wondering now if this rally is real, or if the bear will come roaring back at them.It’s at times like these that some comprehensive stock analysis is most helpful. TipRanks has the right tool for that job: the Smart Score, which analyzes 8 separate factors from the TipRanks database, all collected and measured by AI algorithms, and uses them to generate a simple, comprehensive score for the market’s most traded stocks. The Smart Score measures the traditional factors of stock analysis, including the technical and fundamental analyses, as well as the conventional wisdom on a stock, through analyst, blogger, and news sentiment, and the collective investor views, through hedge activity, insider trading, and individual investor activity. The result is an aggregate, a single number that points out the stock’s likely forward path.We’ve used the TipRanks database to find three undervalued stocks with “perfect 10” Smart Scores. While these shares are trading low, the perfect Smart Scores suggest that is more an artifact of the recent overall market slide – for a variety of reasons, each of these stocks has a clear path forward, toward price appreciation. Here is what makes them stand above the crowd.Wix.com, Ltd. (WIX)Since its founding in 2006, Wix has built a solid reputation as the place to go for do-it-yourself website construction. The platform offers users a range of tools and editors to make site building simple, even for non-experts. Wix has become wildly popular due to its ease of use, and brings in recurring revenue of $707.2 million annually. Wix’s successful platform rests on the ‘freemium’ business model. The basic service is offered for free, to all comers, while company revenue is derived by selling subscriptions, downloadable user tools, and upgrades.Coming into 2020, before the COVID-19 epidemic, Wix’s financial state had been gradually improving. Quarterly earnings were on the way up – Q4 2019 showed $204.6 million in total revenue, up 24.6% year-over-year. The company finished the year with over $331 million in cash on hand.Despite that strong finish to calendar year 2019, Wix shares tumbled badly in the Q1 2020 market slide. The stock hit a peak on February 19, dropped by nearly half to its trough on March 18, and while its has bounced back, WIX is still down 20%.The Smart Score, however, suggests that WIX is undervalued. Wall Street’s analysts still rate the stock a Strong Buy, the financial bloggers are 90% bullish on the shares, and the news coverage of Wix has been 100% positive. Along with an increase in hedge fund purchase activity, these are strong signs that the stock retains plenty of investor confidence.SunTrust Robinson’s 5-star analyst Naved Khan describes that confidence in clear prose: “We believe Wix's freemium offering remains relatively resilient given its focus on providing mission critical online tools/services to SMBs. We view the company's recent decision to pause the price hike as a prudent, customer centric move to keep churn low and expect to see a pick-up in DIY sign-ups as lockdowns catalyze demand for online services.”Khan rates Wix a Buy, and supports that rating with a $167 price target that implies a robust upside potential of 35%. (To watch Khan’s track record, click here)Wall Street’s analyst corps agrees with Khan – which we saw in the Smart Score review. WIX shares hold a Strong Buy rating from the analyst consensus, based on 13 recent reviews – including 12 Buys and only a single Hold. The average price target is $150, somewhat more cautious than Khan’s, but still suggesting a 21% one-year upside for the stock. (See Wix stock analysis at TipRanks)Hudson Pacific Properties (HPP)Our next stock is a real estate investment trust, a sector that is well-liked by income-minded investors who appreciate the high dividend yields offered. Hudson Pacific is an REIT focused mainly on office space in the Los Angeles, San Francisco, Seattle, and Vancouver areas. The company owns almost 15 million square feet of leasable space, in some of the prime tech centers in North America. HPP counts some heavy hitters among its tenants, including Alphabet, Inc. and Netflix.HPP’s earnings grew steadily from Q2 through Q4 of last year, reaching 55 cents per share in the final quarter, beating the forecast by 12%. Full year revenues came to $818 million, with full year net income of $42.7 million. HPP used that fund a 25-cent per share quarterly dividend, which annualizes to $1 and gives a yield of 4.3%. It’s a solid foundation for investors seeking profitable investments.And right now, HPP shares are well down from their peak. The stock hit its top value on February 14, just 5 days before the bear market started – and that bear hit HPP hard, knocking out 58% of the stock’s share value. It has had trouble regaining traction; many tenant companies are facing their own coronavirus problems, and so are having trouble meeting the rent, cutting into HPP income stream. The stock is still down 39% from its peak, severe underperformance compared to the S&P 500’s 16% net fall.Once again, however, a look at the Smart Score shows us why we should see HPP as undervalued, rather than depressed. The stock keeps a Strong Buy analyst rating, as well as 100% bullish sentiment from the financial bloggers and news outlets. But the real key here is the insider sentiment – corporate officers have taken advantage of the stock’s low price to buy up $2.29 million worth of shares, giving the stock a strongly positive insider trading strategy. These factors add up to that ‘perfect 10’ Smart Score.Writing from Wells Fargo, analyst Blaine Heck rates HPP a Buy, although his price target of $24.50 suggests a modest 4.4% upside. Supporting his Buy thesis, Heck writes, “HPP has done a nice job managing its unleased development pipeline exposure... HPP trades at a discount to its West Coast office peers, so if HPP can again report strong rent spreads, maintain a strong pre-leased rate on its development pipeline, and indicate that demand from tech tenants remains strong, we believe shares can outperform.” (To watch Heck’s track record, click here.)Sentiment on Wall Street is a bit more bullish on HPP than Heck allows, perhaps influenced by the strong insider confidence noted above in the Smart Score. Of 6 analyst reviews, 5 are Buys and 1 is a Hold, making the consensus rating a Strong Buy. Shares are selling for $23.46, and the average price target, at $29.67, indicates an upside of 26% for the coming 12 months. (See Hudson Pacific stock analysis at TipRanks)Service Corporation International (SCI)We don’t like to think about it, but death is business, too. Funeral services, and cemetery management, are a major operation, as surviving family and friends are always deeply interested in seeing that proper care is taken of the departed. SCI, based out of Texas, owns and operates over 1,500 funeral homes and 400 cemeteries across 43 states and eight provinces in the US and Canada. The company regularly brings in over $3 billion annual revenues.Wrapping up 2019, Q4 finished with a strong top line of $851 million, up 3.6% year-over-year, with EPS of 60 cents. The company saw earnings gain from lower expenses, while partially offset increased taxes and softness in cemetery revenues. Q1, however, reflected the impact of the coronavirus pandemic and social distancing measures. Those measures have cut back on funeral services, and SCI’s top line revenue was down 4.4% sequentially. EPS, at 43 cents, fell sequentially and missed the forecast, also by 4.4%.SCI hit its peak in early March, after the market slide began, but when it fell, the fall was steep. SCI shares bottomed out after losing 34%, and have remained essentially flat since then in volatile trading. Despite the hit to share values, the company maintained its dividend, even raising it to 19 cents per share – the third increase in the last three years. SCI’s dividend annualizes to 76 cents per share, and offers an above-average yield of 2.13%. The reliability of the dividend is a clear attraction for the stock while share price value remains down.The Smart Score shows some of the reasons why this stock remains a solid buy. Wall Street’s analysts and financial bloggers are bullish, as are the hedge funds, which have bought more than 128,000 shares in the last quarter. Better, though, is the 12-month return on equity, which is strongly positive at 21.57%. This all adds up to a Smart Score of 10, topping the scale.4-star analyst Scott Schneeberger sees a path forward for SCI, writing, “[Service International] is using technology to innovate in the current operating environment, executing expense management, remains financially sound generating ample free cash flow, and should rebound significantly as "social distancing" progressively eases.”He gives the stock a Buy rating, with a $47 price target that implies an upside of 31%. (To watch Schneeberger’s track record, click here.)In addition to a ‘perfect 10’ Smart Score, SCI shares also have a unanimous Strong Buy analyst consensus rating, based on 3 recent Buy reviews. SCI shares are selling for $35.72 at this writing, and the average price target of $45.83 suggests the stock has room for 28% growth in the next 12 months. (See Service International stock analysis at TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

S&P; Dow Jones Indices will make the following changes to the S&P; MidCap 400 and S&P; SmallCap 600 effective prior to the open of trading on Monday, June 1:

Q4 2019 Hudson Pacific Properties Inc Earnings Call

Hudson Pacific Properties, Inc. (the "Company" or "Hudson Pacific") (NYSE: HPP) announced it will host its 2020 annual meeting ("the Annual Meeting") virtually due to the public health impact of the coronavirus disease 2019 (COVID-19) and to support the health and well-being of our stockholders, employees and directors. As previously announced, the Annual Meeting will take place at 9:00 a.m. PT / 12:00 pm ET on Wednesday, May 20, 2020, but will be held in a virtual meeting format only.

Hudson Pacific Properties, Inc. (NYSE:HPP) has rebounded strongly over the last week, with the share price soaring...

The S&P 500 has spent the month of May bouncing in the range between 2,800 and 3,000. While the index remains 11% below its all-time high, there is a cautious sense of optimism, that the worst of the bear market is behind us.Investors may be feeling upbeat, and anticipating a recovery in 2H20, but times are still volatile. To make sense of them, TipRanks offers the Smart Score, a comprehensive tool which analyzes every stock in the TipRanks database according to 8 interrelated factors. The data is measured and collated by sophisticated AI algorithms, and used to generate a single score for each stock. Shown on a 1 to 10 scale, the Smart Score is based on analyst, blogger, and investor sentiment, and collective indicators such as hedge activity and insider trading. Today, we’ll look at three high-yield dividend stocks that have earned a ‘perfect 10’ from the Smart Score. For investors seeking a clear forward path, the data shows that these are the picks most likely to bring solid returns. Each of these stocks combines its perfect Smart Score with a reliable dividend history, giving investors a secure income stream. Let’s dive in.Bunge, Ltd. (BG)First up is Bunge, an important company in the world’s food and agriculture food chain. Chances are, the food you eat depends on Bunge. The company specializes in oils and milled grains used by commercial brands and restaurants around the world. Bunge also deals in storage, transport, and processing of raw materials for end products in high-protein livestock feed. Other operations include corn, sugarcane, and wheat growing and processing.Since we all need to eat, Bunge benefits from occupying an essential niche. Even so, the coronavirus pandemic found ways to hit the company. The various lockdown and shutdown policies enacted globally in Q1 slowed restaurant and commercial food businesses almost to a halt. BG saw reported income swing from a $1.27 per share profit in Q4 to a $1.34 per share net loss in Q1. BG shares have underperformed in recent months, and are still down 31% from February levels.Despite the earnings slide, Bunge’s management has chosen to maintain the company’s dividend – a dividend that has been paid out regularly since 2001. At 50 cents quarterly, the current payment annualizes to $2.00, and gives an impressive yield of 5.65%. This is almost triple the 2% average yield found among peer companies in the industrial good sector.The Smart Score on BG shares gets its boost from the ‘sentiment’ factors. As may be expected in a difficult market environment, the technical and fundamental analysis factors are negative – but insiders have purchased $9.9 million worth of BG shares in recent months, and hedge fund activity has also increased. The professional stock watchers, both analysts and bloggers, are also strongly positive on this stock. These upbeat indicators outweigh the negatives in this case.Covering BG shares for BMO Capital, 5-star analyst Kenneth Zaslow writes, “BG remains our "Top Pick" for 2020, as BG's underlying business fundamentals relative to its value appear to be largely misunderstood… BG’s internal operational improvements, nimble risk management framework, and underlying fundamentals enable BG to maintain its Agribusiness outlook… Despite BG's stock reaction, BG's economic earnings reduction represents less than 5% on EBITDA (i.e., majority is non-cash) and likely is temporary.”In line with his position that this stock has a fundamentally sound foundation, Zaslow gives it a Buy rating. His $72 price target indicates his confidence, suggesting a 91% upside in the coming year. (To watch Zaslow’s track record, click here)Wall Street is in general agreement that Bunge represents a buying opportunity. The Strong Buy analyst consensus rating is based on 4 reviews, including 3 Buys and a single Hold. Shares are priced at $35.53, while the average price target of $57.50 implies a health upside of 61%. (See Bunge stock analysis at TipRanks)Hudson Pacific Properties (HPP)Next up, Hudson Pacific, is a real estate investment trust, a type of company well-known for offering high-yield dividends. REITs operate by buying, managing, and leasing a range of residential and commercial properties, or by offering and investing in mortgages and mortgage-backed securities. HPP focuses on office space, in the lucrative Los Angeles, San Francisco, Seattle, and Vancouver markets. The company’s assets include 15 million square feet of leasable office space, located in prime high-tech development areas. Among Hudson’s clients are Alphabet and Netflix.Q1 has been difficult for the REIT sector. With economic activity mainly shut down, business income streams have slowed to a trickle – which trickles down, as no income makes expenses, like rent, hard to meet. HPP reported EPS of 54 cents in Q1, down 2% from Q4, and Q2 is forecast at 50 cents. The company has maintained its dividend during the downturn – but this is no surprise, as the payout ratio is only 46% and REITs are required by tax code to return a high proportion of profits directly to shareholders. The 25-cent quarterly dividend represents a yield of 4.7%, more than double that found among peer companies.Hudson shares many of the same Smart Score advantages as Bunge, above. Analyst and blogger sentiment are both positive, and hedge and insider purchases are both increasing. While most of the technical and fundamentals are in the red, one of them – asset growth – is highly positive. Asset growth is up 6.39% over the past 12 months. All of this adds up to a perfect 10 on the Smart Score.Piper Sandler analyst Alexander Goldfarb is deeply impressed by HPP’s potential looking forward. He sees the company as uniquely well-positioned to benefit as the economy reopens: “We are even more bulled up by the prospects of increased demand for HPP's studio and media-oriented assets coupled with its ability to re-imagine space for the gaming and entertainment industries. HPP stands alone in its material exposure to these industries (17% ABR to media and entertainment), which have a pressing need to return to production for new content in the wake of the binge consumption occurring during COVID... With talent hesitant to travel, car-loving LA makes HPP well positioned to not only re-open soon but also with the office product in high demand.”Goldfarb puts a Buy rating on HPP, and his $28 price target implies a healthy upside potential of 21% for the coming 12 months. (To watch Goldfarb’s track record, click here)The Street’s consensus on HPP is a Strong Buy, based on 5 Buy ratings and 1 Hold set in recent weeks. Hudson’s shares are selling for $23.14, and the average price target is slightly more bullish than Goldfarb’s; at $28.20, it indicates a 22% upside potential. (See Hudson Pacific stock analysis on TipRanks)CVS Health Corporation (CVS)Last on our list is a company you’re likely familiar with. CVS is well-known for its pharmacy chain, an asset that has proven especially valuable in the current climate. Unlike most companies – and the overall market – which saw declines in Q1 2020, CVS actually reported a quarterly earnings sequential gain. While the company had been expected to show a decline to $1.62 per share, EPS was reported at $1.91. This was up 10% from Q4, and an even stronger 19% year-over-year. The demand for pharmacy goods and service should be obvious to all.Solid earnings support a solid dividend. CVS is paying out 50 cents quarterly, or $2 per year, on each share. The company has kept its dividend payments reliable for the last 15 years, in good times or bad, adding to the dividend’s allure. The current yield is 3.2%, which beats the 2.5% average yield found among peers in the consumer goods sector.The Smart Score for CVS includes favorable views from analysts and bloggers, and heavy purchase activity from insiders and hedges. A good example of the positive analyst sentiment comes from Credit Suisse analyst A.J. Rice. Rice has upgraded his stance on this stock, raising his view from Neutral to Buy. His $75 price target suggests room for a solid 17% upside this year. (To watch Rice’s track record, click here)Backing his view on CVS, Rice writes, “CVS’ Pharmacy Services Segment is Outperforming Expectations, as PBM Selling Season Shaping up Nicely. CVS is seeing an easing of rebate guarantee pressures which it saw peak in 2019, become less of a headwind in 2020, and are expected to be de minimis in 2021… CVS has remained on track-to-ahead of its synergies, modernization, and transformation initiatives, which could provide future upside.”CVS shares have 13 recent reviews, breaking down to 10 Buys and 3 Holds and making the analyst consensus rating a Strong Buy. Shares are trading for $64.64, and the average price target of $79.50 implies a strong 23% upside potential for the stock over the next one year. (See CVS stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Hudson Pacific Properties, Inc. (NYSE:HPP) shares fell 2.9% to US$37.57 in the week since its latest full-year...

Hudson Pacific (HPP) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.

Hudson Pacific Properties, Inc. (NYSE: HPP) today issued its Corporate Responsibility Report for the 2019 calendar year. Highlights include converting to 100% renewable electricity portfolio-wide, joining the U.S. Centers for Disease Control and Prevention’s Fitwel Champion Network and making a $500,000 donation to Union Rescue Mission in Los Angeles, one of the largest rescue missions in the country working to end homelessness. The report also introduces the company’s Better Blueprint platform, which will serve as the foundation of its work related to environmental, social and governance (ESG) issues moving forward. The complete report is available in the Responsibility section of Hudson Pacific’s website.

Hudson Pacific (HPP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

HPP earnings call for the period ending March 31, 2020.