Hudson Pacific Properties Inc. (NYSE:HPP) saw strong trading volume on Friday . 4,428,336 shares traded hands during 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 analysts have issued reports on the company. Robert W. Baird assumed coverage on Hudson Pacific Properties in a report on Thursday, June 30th. They set an “outperform” rating and a $38.00 price objective on the stock. Zacks Investment Research lowered Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a report on Wednesday, July 13th. Mizuho raised their price objective on Hudson Pacific Properties from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, May 6th. Barclays PLC raised their price objective on Hudson Pacific Properties from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, July 19th. Finally, KeyCorp reaffirmed a “buy” rating and set a $37.00 price objective on shares of Hudson Pacific Properties in a report on Sunday, May 15th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $35.33.

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

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

In other news, CEO Victor J. Coleman acquired 10,000 shares of the business’s stock in a transaction on Thursday, May 19th. The shares were purchased at an average price of $26.86 per share, for a total transaction of $268,600.00. Following the acquisition, 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard B. Fried sold 804,627 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $623,348.88. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of the company. Waterfront Capital Partners LLC purchased a new position in shares of Hudson Pacific Properties during the fourth quarter worth approximately $14,519,000. Employees Retirement System of Texas raised its stake 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. raised its stake 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. State of New Jersey Common Pension Fund D raised 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 period. Finally, Standard Life Investments LTD raised 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 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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