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

A number of research analysts have weighed in on HPP shares. Robert W. Baird started coverage on shares of Hudson Pacific Properties in a research report on Thursday, June 30th. They set an “outperform” rating and a $38.00 price objective on the stock. Mizuho boosted their price objective on shares of Hudson Pacific Properties from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, May 6th. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Tuesday. Barclays PLC boosted their price objective on shares of Hudson Pacific Properties from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, July 19th. Finally, KeyCorp reiterated a “buy” rating and set a $37.00 price objective on shares of Hudson Pacific Properties in a research report on Sunday, May 15th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Hudson Pacific Properties currently has an average rating of “Buy” and an average target price of $35.67.

The company’s market cap is $2.99 billion. The company has a 50-day moving average price of $30.44 and a 200-day moving average price of $28.19.

In other Hudson Pacific Properties news, Director Richard B. Fried sold 804,627 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $30.32, for a total value of $24,396,290.64. Following the transaction, the director now owns 20,559 shares in the company, valued at approximately $623,348.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Victor J. Coleman acquired 10,000 shares of the firm’s stock in a transaction on Thursday, May 19th. The stock was 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 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 recently bought and sold shares of the company. Employees Retirement System of Texas raised 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 in the last quarter. Waterfront Capital Partners LLC bought a new position in Hudson Pacific Properties during the fourth quarter valued at approximately $14,519,000. 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 in 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 in the last quarter. Finally, 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 in the last quarter.

Hudson Pacific Properties, Inc is a full-service, vertically integrated real estate investment trust (REIT). The Company is focused on owning, operating and acquiring office, and media and entertainment properties in select growth markets primarily in Northern and Southern California, and the Pacific Northwest.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.