Hudson Pacific Properties Inc. (NYSE:HPP) hit a new 52-week high during trading on Monday . The stock traded as high as $34.08 and last traded at $33.90, with a volume of 998,661 shares changing hands. The stock had previously closed at $33.81.

Several brokerages have commented on HPP. Mizuho upped their target price on shares of Hudson Pacific Properties from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, May 6th. Robert W. Baird began coverage on shares of Hudson Pacific Properties in a research note on Thursday, June 30th. They issued an “outperform” rating and a $38.00 target price for the company. Barclays PLC upped their target price on shares of Hudson Pacific Properties from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, July 19th. Zacks Investment Research downgraded shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st. Finally, KeyCorp reaffirmed a “buy” rating and issued a $37.00 target price on shares of Hudson Pacific Properties in a research note 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 stock. Hudson Pacific Properties has a consensus rating of “Buy” and an average target price of $35.33.

The firm’s market capitalization is $3.02 billion. The company has a 50-day moving average of $30.16 and a 200 day moving average of $28.01.

Hudson Pacific Properties (NYSE:HPP) last posted its 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 analyst estimates of $150.87 million. On average, equities analysts forecast that Hudson Pacific Properties Inc. will post $1.74 EPS for the current fiscal year.

In other Hudson Pacific Properties news, Director Richard B. Fried sold 804,627 shares of the firm’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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Victor J. Coleman purchased 10,000 shares of the stock in a transaction on Thursday, May 19th. The shares were purchased at an average price of $26.86 per share, with a total value of $268,600.00. Following 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 and institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers raised 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 raised 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. Standard Life Investments LTD raised 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. Principal Financial Group Inc. raised its position in 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 valued at $64,370,000 after buying an additional 105,929 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in 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 valued at $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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