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.

A number of research analysts recently weighed in on the company. Robert W. Baird assumed coverage on Hudson Pacific Properties in a research note on Thursday, June 30th. They issued an “outperform” rating and a $38.00 price objective on the stock. Zacks Investment Research downgraded Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a research note on Wednesday, July 13th. 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 note on Friday, May 6th. Barclays PLC raised their price objective on Hudson Pacific Properties from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, July 19th. Finally, KeyCorp reissued a “buy” rating and issued a $37.00 price objective on shares of Hudson Pacific Properties in a research note on Sunday, May 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $35.33.

The stock’s market cap is $2.94 billion. The firm has a 50 day moving average of $29.73 and a 200 day moving average of $27.88.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Monday, June 20th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, June 16th. This represents a $0.80 annualized dividend and a yield of 2.43%.

In other Hudson Pacific Properties news, Director Jonathan M. Glaser acquired 35,500 shares of the company’s stock in a transaction on Monday, May 16th. The shares were purchased at an average price of $28.74 per share, for a total transaction of $1,020,270.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard B. Fried sold 804,627 shares of the company’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $30.32, for a total value of $24,396,290.64. Following the completion of the sale, the director now owns 20,559 shares in the company, valued at approximately $623,348.88. The disclosure for this sale can be found here.

A number of hedge funds have added to or reduced their stakes in the stock. Sei Investments Co. raised 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 in the last quarter. Rhumbline Advisers increased 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 last quarter. New York State Common Retirement Fund increased its position 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. Employees Retirement System of Texas increased 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 last quarter. Finally, Standard Life Investments LTD increased 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 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.

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