Sunstone Hotel Investors Preferred Stock Yields Surpass 7.5%
On Monday, shares of Sunstone Hotel Investors Inc’s 6.125% Series H Cumulative Preferred Stock (Symbol: SHO.PRH) were yielding over 7.5% based on its quarterly dividend, which annualizes to $1.5313. During trading, shares dipped as low as $20.26. This yield is in comparison to the average yield of 7.86% within the “Real Estate” preferred stock sector, as reported by Preferred Stock Channel.
At the last close, SHO.PRH was trading at a 17.04% discount to its liquidation preference amount. This is significantly higher than the sector average discount of 13.28% for the “Real Estate” category.
The performance of SHO.PRH over the past year, compared to regular shares of SHO, is illustrated in the chart below:
Additionally, the dividend history chart for SHO.PRH highlights the historical dividend payments made on Sunstone Hotel Investors Inc’s preferred stock:
Free report: Top 8%+ Dividends (paid monthly)
During Monday’s trading, Sunstone Hotel Investors Inc’s 6.125% Series H Cumulative Preferred Stock is up approximately 1.1% for the day. In contrast, the common shares (Symbol: SHO) have seen a rise of about 0.8%.
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