Traders sold shares of Hudson Pacific Properties Inc. (NYSE:HPP) on strength during trading on Wednesday. $8.66 million flowed into the stock on the tick-up and $29.33 million flowed out of the stock on the tick-down, for a money net flow of $20.67 million out of the stock. Of all equities tracked, Hudson Pacific Properties had the 0th highest net out-flow for the day. Hudson Pacific Properties traded up $0.32 for the day and closed at $32.14

A number of brokerages have weighed in on HPP. Zacks Investment Research upgraded Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Monday, April 4th. KeyCorp reiterated a “buy” rating and issued a $37.00 price target on shares of Hudson Pacific Properties in a research report on Sunday, May 15th. Cowen and Company began coverage on Hudson Pacific Properties in a research report on Monday, March 28th. They issued a “market perform” rating and a $30.00 price target on the stock. Barclays PLC upped their price target on Hudson Pacific Properties from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, March 24th. Finally, Robert W. Baird began coverage on Hudson Pacific Properties in a research report on Thursday, June 30th. They issued an “outperform” rating and a $38.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $34.33.

The company has a 50 day moving average of $29.23 and a 200 day moving average of $27.70. The firm’s market cap is $2.87 billion.

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 had revenue of $142.30 million for the quarter, compared to the consensus estimate of $150.87 million. On average, equities analysts expect that Hudson Pacific Properties Inc. will post $1.74 EPS for the current fiscal year.

The company also recently declared 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 of this dividend was Thursday, June 16th. This represents a $0.80 annualized dividend and a yield of 2.49%.

In other news, Director Jonathan M. Glaser purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The stock was acquired at an average cost of $28.24 per share, with a total value of $423,600.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Victor J. Coleman purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 19th. The shares were purchased at an average cost of $26.86 per share, with a total value of $268,600.00. Following the completion of the acquisition, the chief executive officer now owns 898,085 shares in the company, valued at approximately $24,122,563.10. The disclosure for this purchase can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its stake in Hudson Pacific Properties by 1.2% in the fourth quarter. New York State Common Retirement Fund now owns 157,434 shares of the real estate investment trust’s stock valued at $4,430,000 after buying an additional 1,929 shares during the last quarter. California State Teachers Retirement System boosted its stake 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 last quarter. Rhumbline Advisers boosted its stake 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 last quarter. Standard Life Investments LTD boosted its stake 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 last quarter. Finally, Sei Investments Co. boosted its stake in Hudson Pacific Properties by 26.9% in the fourth quarter. Sei Investments Co. now owns 89,110 shares of the real estate investment trust’s stock valued at $2,507,000 after buying an additional 18,889 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.