Hudson Pacific Properties Declares Quarterly Dividend of $0.13 (HPP)

Hudson Pacific Properties (NYSE:HPP) announced a quarterly dividend on Monday, June 10th, Analyst Ratings.Net reports. Shareholders of record on Thursday, June 20th will be paid a dividend of $0.125 per share on Monday, July 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.34%.

On the ratings front, analysts at Barclays Capital raised their price target on shares of Hudson Pacific Properties from $22.00 to $23.00 in a research note to investors on Tuesday, April 2nd. They now have an “overweight” rating on the stock.

Shares of Hudson Pacific Properties (NYSE: HPP) opened at 21.38 on Tuesday. Hudson Pacific Properties has a 52 week low of $15.76 and a 52 week high of $24.17. The stock’s 50-day moving average is currently $22.66. The company’s market cap is $1.199 billion.

Hudson Pacific Properties (NYSE: HPP) last announced its earnings results on Monday, May 6th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.07. The company had revenue of $49.40 million for the quarter, compared to the consensus estimate of $48.82 million. On average, analysts predict that Hudson Pacific Properties will post $0.97 earnings per share for the current fiscal year.

Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate company focused on owning, operating and acquiring high-quality office properties in select growth markets primarily in Northern and Southern California.