On Monday, shares of Sunstone Hotel Investors Inc’s 6.125% Series H Cumulative Preferred Stock (Symbol: SHO.PRH) were trading at $20.20, providing a yield exceeding 7.5% based on its annualized quarterly dividend of $1.5313. This yield is lower than the average yield of 8.13% in the “Real Estate” preferred stock category.
As of the last close, SHO.PRH was trading at a 16.56% discount to its liquidation preference, compared to the average discount of 14.51% in the same category. On the day, SHO.PRH was up approximately 1%, while the common shares (Symbol: SHO) saw a decline of about 2.2%.
