Hudson Pacific Properties Inc. (NYSE:HPP) shares saw strong trading volume on Monday . 2,383,122 shares changed 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 commented on the company. Robert W. Baird assumed coverage on Hudson Pacific Properties in a research note on Thursday, June 30th. They set an “outperform” rating and a $38.00 price target for the company. Zacks Investment Research lowered Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a research note on Wednesday, July 13th. Mizuho upped their price target on Hudson Pacific Properties from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, May 6th. Barclays PLC upped their price target on Hudson Pacific Properties from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Cowen and Company assumed coverage on Hudson Pacific Properties in a research note on Monday, March 28th. They set a “market perform” rating and a $30.00 price target for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $34.33.

The firm’s market capitalization is $2.85 billion. The company’s 50-day moving average price is $29.12 and its 200 day moving average price is $27.67.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, May 5th. The real estate investment trust reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The business earned $142.30 million during the quarter, compared to analyst estimates of $150.87 million. On average, analysts forecast that Hudson Pacific Properties Inc. will post $1.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Monday, June 20th were issued 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 2.51%.

In other news, Director Barry Alan Porter acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The stock was acquired at an average cost of $27.61 per share, for a total transaction of $138,050.00. Following the completion of the acquisition, the director now owns 63,673 shares in the company, valued at $1,758,011.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan M. Glaser acquired 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The shares were purchased at an average price of $28.24 per share, with a total value of $423,600.00. The disclosure for this purchase can be found here.

A number of institutional investors recently bought and sold shares of the stock. Principal Financial Group Inc. raised its position in 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 period. Rhumbline Advisers raised its position in Hudson Pacific Properties by 7.0% in the fourth quarter. Rhumbline Advisers now owns 107,804 shares of the real estate investment trust’s stock valued at $3,034,000 after buying an additional 7,070 shares during the period. California State Teachers Retirement System raised its position in Hudson Pacific Properties by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 137,962 shares of the real estate investment trust’s stock valued at $3,882,000 after buying an additional 2,100 shares during the period. Standard Life Investments LTD raised its position in 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 period. Finally, Employees Retirement System of Texas raised its position in Hudson Pacific Properties by 170.4% in the fourth quarter. Employees Retirement System of Texas now owns 174,570 shares of the real estate investment trust’s stock valued at $4,912,000 after buying an additional 110,000 shares during the period.

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.

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