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Sunstone Hotel Investors' Series F Preferred Stock Yield Pushes Past 6.5%


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In trading on Wednesday, shares of Sunstone Hotel Investors Inc's 6.450% Series F Cumulative Redeemable Preferred Stock (Symbol: SHO.PRF) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6125), with shares changing hands as low as $24.48 on the day. This compares to an average yield of 6.81% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, SHO.PRF was trading at a 0.24% discount to its liquidation preference amount, versus the average premium of 26.93% in the "Real Estate" category.

The chart below shows the one year performance of SHO.PRF shares, versus SHO:

Performance Comparison Chart

Below is a dividend history chart for SHO.PRF, showing historical dividend payments on Sunstone Hotel Investors Inc's 6.450% Series F Cumulative Redeemable Preferred Stock:

SHO.PRF+Dividend+History+Chart

In Wednesday trading, Sunstone Hotel Investors Inc's 6.450% Series F Cumulative Redeemable Preferred Stock (Symbol: SHO.PRF) is currently down about 0.5% on the day, while the common shares (Symbol: SHO) are off about 1.1%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing
Referenced Symbols: SHO.PRF , SHO



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