In Monday trading, Sunstone Hotel Investors Inc.’s 5.70% Series I Cumulative Preferred Stock (Symbol: SHO.PRI) yielded above 7.5%, with shares trading as low as $18.94. The annual dividend is calculated at $1.425, while the average yield in the Real Estate preferred stock category is 8.03%. Currently, SHO.PRI is trading at a 23.56% discount to its liquidation preference amount, compared to the average discount of 14.27% in its category.
As of the last close, SHO.PRI shares were up about 0.7% on the day, while the common shares (Symbol: SHO) increased by approximately 7.5%.
