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Sunstone Hotel Investors' Series E Preferred Stock Shares Cross 6.5% Yield Mark

In trading on Thursday, shares of Sunstone Hotel Investors Inc's 6.950% Series E Cumulative Redeemable Preferred Stock (Symbol: SHO.PRE) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.7375), with shares changing hands as low as $26.71 on the day. This compares to an average yield of 6.64% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, SHO.PRE was trading at a 7.04% premium to its liquidation preference amount, versus the average premium of 42.53% in the "Real Estate" category.

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

Performance Comparison Chart

Below is a dividend history chart for SHO.PRE, showing historical dividend payments on Sunstone Hotel Investors Inc's 6.950% Series E Cumulative Redeemable Preferred Stock:

SHO.PRE+Dividend+History+Chart

In Thursday trading, Sunstone Hotel Investors Inc's 6.950% Series E Cumulative Redeemable Preferred Stock (Symbol: SHO.PRE) is currently up about 0.2% on the day, while the common shares (Symbol: SHO) are up about 2%.

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

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