Markets

Sunstone Hotel Investors' Series F Preferred Stock Crosses Above 6% Yield Territory

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% mark based on its quarterly dividend (annualized to $1.6125), with shares changing hands as low as $26.71 on the day. This compares to an average yield of 6.57% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, SHO.PRF was trading at a 10.00% premium to its liquidation preference amount, versus the average premium of 42.36% in the "Real Estate" category.

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 off about 2.9% on the day, while the common shares (Symbol: SHO) are trading flat.

Click here to find out the 50 highest yielding preferreds »

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

In This Story

SHO.PRF SHO

Other Topics

Stocks Fixed Income

Latest Markets Videos