Sunstone Hotel Investors' Series I Preferred Stock Crosses Above 7% Yield TerritoryBy Preferred Stock Channel Staff, Tuesday, March 12, 2:20 PM ETIn trading on Tuesday, shares of Sunstone Hotel Investors Inc's 5.70% Series I Cumulative Preferred Stock (NYSE:SHO.PRI) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.425), with shares changing hands as low as $20.34 on the day. This compares to an average yield of 7.76% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, SHO.PRI was trading at a 18.24% discount to its liquidation preference amount, versus the average discount of 12.93% in the "Real Estate" category. The chart below shows the one year performance of SHO.PRI shares, versus SHO:
Below is a dividend history chart for SHO.PRI, showing historical dividend payments on Sunstone Hotel Investors Inc's 5.70% Series I Cumulative Preferred Stock:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Tuesday trading, Sunstone Hotel Investors Inc's 5.70% Series I Cumulative Preferred Stock (NYSE:SHO.PRI) is currently up about 0.3% on the day, while the common shares (NYSE:SHO) are trading flat.
This Article's Word Cloud:
Arial
Below
Channel
Cumulative
Days
Dollars
Estate
Hotel
Investors
Join
Juicy
More
NYSE
Offer
Preferred
Real
Series
Seven
Special
Start
Stock
Stocks
Sunstone
This
Tuesday
ValueForum
Where
Yields
about
above
according
afterLeftLabels
amount
annualized
average
axisColor
background
based
beforeLeftLabels
below
category
chart
discount
dividend
escape
fillColor
shares
trading
versus
with
|