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

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Shutterstock photo

Shutterstock photo

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.


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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