Hudson Pacific: Common Tanks While Preferreds Take The Scenic Route

Downtown San Francisco with California Street at sunrise, San Francisco, California, USA bluejayphoto/iStock via Getty Images On our last coverage of Hudson Pacific Properties, Inc. (NYSE:HPP) we moved off the sidelines. While we had previously rated the stock as a "Hold", we went with a "Sell" rating as the deteriorating fundamentals met an overbought stock. We explained our rationale in the verdict. Yes, we think the odds are high that with the credit conditions easing, and the $189 million asset sale, th ...