Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development.
Established dividend payer with proven track record.
Share Price & News
How has Hudson Pacific Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HPP's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HPP underperformed the US REITs industry which returned -7.4% over the past year.
Return vs Market: HPP underperformed the US Market which returned 9.2% over the past year.
Price Volatility Vs. Market
How volatile is Hudson Pacific Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StIntroducing Hudson Pacific Properties (NYSE:HPP), The Stock That Dropped 41% In The Last Year
1 month ago | Simply Wall StIs It Too Late To Consider Buying Hudson Pacific Properties, Inc. (NYSE:HPP)?
Is Hudson Pacific Properties undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HPP ($28.28) is trading above our estimate of fair value ($22.26)
Significantly Below Fair Value: HPP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HPP is poor value based on its PE Ratio (47x) compared to the REITs industry average (28.9x).
PE vs Market: HPP is poor value based on its PE Ratio (47x) compared to the US market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: HPP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: HPP is good value based on its PB Ratio (1.3x) compared to the US REITs industry average (1.4x).
How is Hudson Pacific Properties forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HPP's earnings are forecast to decline over the next 3 years (-0.9% per year).
Earnings vs Market: HPP's earnings are forecast to decline over the next 3 years (-0.9% per year).
High Growth Earnings: HPP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HPP's revenue (3.8% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: HPP's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HPP's Return on Equity is forecast to be low in 3 years time (1.9%).
How has Hudson Pacific Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HPP has a large one-off gain of $46.5M impacting its March 31 2020 financial results.
Growing Profit Margin: HPP's current net profit margins (11.2%) are higher than last year (1.3%).
Past Earnings Growth Analysis
Earnings Trend: HPP's earnings have grown significantly by 37.1% per year over the past 5 years.
Accelerating Growth: HPP's earnings growth over the past year (824.3%) exceeds its 5-year average (37.1% per year).
Earnings vs Industry: HPP earnings growth over the past year (824.3%) exceeded the REITs industry 5.2%.
Return on Equity
High ROE: HPP's Return on Equity (2.8%) is considered low.
How is Hudson Pacific Properties's financial position?
Financial Position Analysis
Short Term Liabilities: HPP's short term assets ($647.7M) exceed its short term liabilities ($272.5M).
Long Term Liabilities: HPP's short term assets ($647.7M) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: HPP's debt to equity ratio (91.5%) is considered high.
Reducing Debt: HPP's debt to equity ratio has increased from 42.2% to 91.5% over the past 5 years.
Debt Coverage: HPP's debt is not well covered by operating cash flow (8.4%).
Interest Coverage: HPP's interest payments on its debt are not well covered by EBIT (1.6x coverage).
What is Hudson Pacific Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HPP's dividend (3.54%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: HPP's dividend (3.54%) is low compared to the top 25% of dividend payers in the US market (4.39%).
Stability and Growth of Payments
Stable Dividend: HPP's dividends per share have been stable in the past 10 years.
Growing Dividend: HPP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.2%), HPP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HPP's dividends in 3 years are forecast to be thoroughly covered by earnings (0.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Victor Coleman (57yo)
Mr. Victor J. Coleman has been the Chairman & Chief Executive Officer of Hudson Pacific Properties, Inc. since June 2010 and served as its President. Mr. Coleman serves as the Chairman, Chief Executive Off ...
CEO Compensation Analysis
Compensation vs Market: Victor's total compensation ($USD9.33M) is above average for companies of similar size in the US market ($USD5.86M).
Compensation vs Earnings: Victor's compensation has increased by more than 20% in the past year.
|Chairman & CEO||10yrs||US$9.33m||0.91% $39.5m|
|President & Treasurer||0.42yr||US$4.37m||0.15% $6.7m|
|COO & Chief Investment Officer||0.42yr||US$3.50m||0.10% $4.5m|
|Executive Vice President of Development & Capital Investments||4.92yrs||US$2.18m||0.064% $2.8m|
|Executive Vice President of Operations||6.25yrs||US$2.48m||0.039% $1.7m|
|Chief Financial Officer||0.42yr||no data||0.029% $1.3m|
|Senior Vice President of Investor Relations & Marketing||no data||no data||no data|
|Executive VP||9.58yrs||no data||0.039% $1.7m|
|Director of Communications||no data||no data||no data|
|Senior Vice President of Human Resources||7.75yrs||no data||no data|
Experienced Management: HPP's management team is seasoned and experienced (5.6 years average tenure).
|Chairman & CEO||10yrs||US$9.33m||0.91% $39.5m|
|Independent Director||5.5yrs||US$162.50k||0.017% $725.2k|
|Lead Independent Director||2.42yrs||US$195.00k||0.059% $2.6m|
|Independent Director||1.25yrs||US$125.75k||0.0021% $89.6k|
|Independent Director||10yrs||US$167.50k||0.028% $1.2m|
|Independent Director||10yrs||US$170.00k||0.0095% $413.5k|
|Independent Director||2.83yrs||US$162.50k||0.0048% $208.7k|
|Independent Director||10yrs||US$167.50k||0.25% $10.9m|
|Independent Director||10yrs||US$165.00k||0.029% $1.3m|
|Independent Director||10yrs||US$180.00k||0.026% $1.1m|
Experienced Board: HPP's board of directors are seasoned and experienced ( 10 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HPP insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hudson Pacific Properties, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Hudson Pacific Properties, Inc.
- Ticker: HPP
- Exchange: NYSE
- Founded: 2006
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$4.348b
- Market Cap: US$4.322b
- Shares outstanding: 153.75m
- Website: https://www.hudsonpacificproperties.com
Number of Employees
- Hudson Pacific Properties, Inc.
- 11601 Wilshire Boulevard
- 9th Floor
- Los Angeles
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HPP||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jun 2010|
|HP9||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 2010|
Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more. Hudson Pacific is publicly traded on the NYSE under the symbol HPP, and listed as a component of the Russell 2000 and the Russell 3000 indices.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 12:25|
|End of Day Share Price||2020/06/03 00:00|