Shares of Hudson Pacific Properties Inc. (NYSE:HPP) saw unusually-strong trading volume on Monday . Approximately 2,383,122 shares traded hands during trading, an increase of 147% from the previous session’s volume of 964,631 shares.The stock last traded at $31.16 and had previously closed at $31.03.

Several equities research analysts have recently issued reports on HPP shares. KeyCorp reissued a “buy” rating and set a $37.00 price objective on shares of Hudson Pacific Properties in a research report on Sunday, May 15th. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Tuesday, July 5th. Cowen and Company started coverage on shares of Hudson Pacific Properties in a report on Monday, March 28th. They set a “market perform” rating and a $30.00 target price for the company. Mizuho increased their target price on shares of Hudson Pacific Properties from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, May 6th. Finally, Robert W. Baird started coverage on shares of Hudson Pacific Properties in a report on Thursday, June 30th. They set an “outperform” rating and a $38.00 target price for the company. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Hudson Pacific Properties has a consensus rating of “Buy” and an average target price of $33.78.

The company’s 50 day moving average price is $29.04 and its 200 day moving average price is $27.64. The stock’s market capitalization is $2.81 billion.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Thursday, May 5th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The business had revenue of $142.30 million for the quarter, compared to analyst estimates of $150.87 million. On average, equities analysts expect that Hudson Pacific Properties Inc. will post $1.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Monday, June 20th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, June 16th. This represents a $0.80 annualized dividend and a dividend yield of 2.54%.

In other Hudson Pacific Properties news, Director Jonathan M. Glaser bought 35,500 shares of the stock in a transaction dated Monday, May 16th. The stock was bought at an average cost of $28.74 per share, for a total transaction of $1,020,270.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Barry Alan Porter bought 5,000 shares of the stock in a transaction dated Thursday, May 19th. The shares were acquired at an average price of $27.61 per share, with a total value of $138,050.00. Following the completion of the purchase, the director now directly owns 63,673 shares of the company’s stock, valued at $1,758,011.53. The disclosure for this purchase can be found here.

Several institutional investors recently modified their holdings of the company. Morgan Stanley boosted its position in shares of Hudson Pacific Properties by 40.8% in the fourth quarter. Morgan Stanley now owns 5,072,968 shares of the real estate investment trust’s stock valued at $142,753,000 after buying an additional 1,469,291 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Hudson Pacific Properties by 4.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,287,529 shares of the real estate investment trust’s stock valued at $64,370,000 after buying an additional 105,929 shares during the last quarter. Waterfront Capital Partners LLC bought a new position in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $14,519,000. State of New Jersey Common Pension Fund D boosted its position in shares of Hudson Pacific Properties by 6.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 406,500 shares of the real estate investment trust’s stock valued at $11,439,000 after buying an additional 25,000 shares during the last quarter. Finally, Standard Life Investments LTD boosted its position in shares of Hudson Pacific Properties by 3.8% in the fourth quarter. Standard Life Investments LTD now owns 206,526 shares of the real estate investment trust’s stock valued at $5,815,000 after buying an additional 7,585 shares during the last quarter.

Hudson Pacific Properties, Inc is a real estate investment trust (REIT). The Company is a real estate company focused on owning, operating and acquiring office properties and media and entertainment properties in markets in Northern and Southern California and the Pacific Northwest. Its portfolio includes office properties, comprising approximately 5.9 million square feet, and media and entertainment properties, comprising approximately 0.9 million square feet of sound-stage, office and supporting production facilities.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.