Hudson Pacific Properties Inc. (NYSE:HPP) shares hit a new 52-week high on Monday . The company traded as high as $33.05 and last traded at $32.66, with a volume of 700,856 shares changing hands. The stock had previously closed at $32.65.

HPP has been the subject of a number of research analyst reports. Cowen and Company initiated coverage on Hudson Pacific Properties in a research report on Monday, March 28th. They set a “market perform” rating and a $30.00 price objective for the company. Zacks Investment Research upgraded Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Monday, April 4th. Mizuho raised their price objective on Hudson Pacific Properties from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, May 6th. KeyCorp restated a “buy” rating and set a $37.00 price objective on shares of Hudson Pacific Properties in a research report on Sunday, May 15th. Finally, Robert W. Baird initiated coverage on Hudson Pacific Properties in a research report on Thursday, June 30th. They set an “outperform” rating and a $38.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $35.33.

The firm’s market capitalization is $2.91 billion. The company’s 50-day moving average price is $29.47 and its 200 day moving average price is $27.77.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Thursday, May 5th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts expect that Hudson Pacific Properties Inc. will post $1.74 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Monday, June 20th were given a $0.20 dividend. The ex-dividend date was Thursday, June 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.45%.

In other news, CEO Victor J. Coleman acquired 10,000 shares of the firm’s stock in a transaction on Thursday, May 19th. The stock was acquired at an average price of $26.86 per share, for a total transaction of $268,600.00. Following the completion of the transaction, the chief executive officer now owns 898,085 shares in the company, valued at approximately $24,122,563.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard B. Fried sold 804,627 shares of the company’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $30.32, for a total transaction of $24,396,290.64. Following the completion of the transaction, the director now owns 20,559 shares of the company’s stock, valued at approximately $623,348.88. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of HPP. Morgan Stanley increased 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 worth $142,753,000 after buying an additional 1,469,291 shares during the period. Waterfront Capital Partners LLC purchased a new position in shares of Hudson Pacific Properties during the fourth quarter worth $14,519,000. Employees Retirement System of Texas increased its position in shares of 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 worth $4,912,000 after buying an additional 110,000 shares during the period. Principal Financial Group Inc. increased 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 worth $64,370,000 after buying an additional 105,929 shares during the period. Finally, State of New Jersey Common Pension Fund D increased 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 worth $11,439,000 after buying an additional 25,000 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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