2024-05-29 17:54:02 ET
Summary
- We had downgraded HPP common and preferreds to a Sell on our last coverage.
- The common shares are down 50% while the preferreds are flat.
- We analyze the latest results and tell you why the two equity classes will converge.
On our last coverage of Hudson Pacific Properties, Inc. ( 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....
Read the full article on Seeking Alpha
For further details see:
Hudson Pacific: Common Tanks While Preferreds Take The Scenic Route