Markets

Sunstone Hotel Investors' Series F Preferred Stock Shares Cross 7% Yield Mark

In trading on Friday, shares of Sunstone Hotel Investors Inc's 6.450% Series F Cumulative Redeemable Preferred Stock (Symbol: SHO.PRF) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.6125), with shares changing hands as low as $22.73 on the day. This compares to an average yield of 7.92% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, SHO.PRF was trading at a 6.40% discount to its liquidation preference amount, versus the average premium of 32.05% 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 Friday trading, Sunstone Hotel Investors Inc's 6.450% Series F Cumulative Redeemable Preferred Stock (Symbol: SHO.PRF) is currently down about 2.9% on the day, while the common shares (Symbol: SHO) are off about 2.9%.

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

Other Topics

Stocks Fixed Income

Latest Markets Videos

BNK Invest

BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

Learn More