Hudson Pacific Properties Inc. (NYSE:HPP) shares saw strong trading volume on Friday . 4,428,336 shares traded hands during mid-day trading, an increase of 154% from the previous session’s volume of 1,740,082 shares.The stock last traded at $33.81 and had previously closed at $33.34.

Several equities research analysts have recently issued reports on the company. Robert W. Baird assumed 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. Zacks Investment Research downgraded Hudson Pacific Properties from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. KeyCorp reissued a “buy” rating and set a $37.00 target price on shares of Hudson Pacific Properties in a research report on Sunday, May 15th. Mizuho raised Hudson Pacific Properties from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, July 22nd. Finally, Barclays PLC lifted their target price on Hudson Pacific Properties from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $35.33.

The company’s market cap is $3.02 billion. The firm’s 50 day moving average price is $30.16 and its 200-day moving average price is $28.01.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.43 EPS for the quarter, topping the 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, analysts predict that Hudson Pacific Properties Inc. will post $1.74 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Monday, June 20th were given 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 2.37%.

In other Hudson Pacific Properties news, CEO Victor J. Coleman purchased 10,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 898,085 shares of the company’s stock, valued at approximately $24,122,563.10. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Barry Alan Porter purchased 5,000 shares of the business’s stock in a transaction on Thursday, May 19th. The shares were acquired at an average cost of $27.61 per share, for a total transaction of $138,050.00. Following the completion of the transaction, the director now directly owns 63,673 shares in the company, valued at $1,758,011.53. The disclosure for this purchase can be found here.

Other large investors have recently modified their holdings of the company. New York State Common Retirement Fund boosted its stake in shares of 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 worth $4,430,000 after buying an additional 1,929 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of 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 worth $3,034,000 after buying an additional 7,070 shares during the last quarter. Standard Life Investments LTD boosted its stake 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 worth $5,815,000 after buying an additional 7,585 shares during the last quarter. Sei Investments Co. boosted its stake in shares of 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 worth $2,507,000 after buying an additional 18,889 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake 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 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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