Back to top

Image: Bigstock

Hudson Pacific Properties (HPP) Raises Dividend by 25%

Read MoreHide Full Article

Much to the delight of its shareholders, Hudson Pacific Properties, Inc. (HPP - Free Report) announced a quarterly common stocks dividend of 25 cents per share. This marks an increase of 25% from that of the prior payment. The increased dividend will be paid on Mar 30 to stockholders of record on Mar 20.

Hudson Pacific Properties is focused on owning, operating and acquiring office properties and media and entertainment properties in select growth markets primarily in Northern and Southern California. The hiked dividend is equivalent to an annual rate of $1 per share, up from the earlier annual dividend rate of 80 cents per share. In 2016, the company did not raise the dividend rate. The last time, it raised the payout was by 60% from 12.5 cents per share to 2 cents back in the fourth-quarter 2015.

In fourth-quarter 2016, the company reported funds from operations (“FFO”) per share of 46 cents, in line with the Zacks Consensus Estimate. In the four trailing quarters, Hudson Pacific Properties recorded positive average surprise of 2.95%.

Investors interested in the REIT and Equity Trust – Other industry, may have a look at stocks like Global Net Lease, Inc. GNL, CoreSite Realty Corporation COR and CorEnergy Infrastructure Trust, Inc. CORR.
 
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.

5 Trades Could Profit "Big-League" from Trump Policies   

If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Hudson Pacific Properties, Inc. (HPP) - free report >>

Published in