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Sell (1.25 out of 4)
0th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, March 28, 6:19 AM
Slide #337. Sunstone Hotel Investors, Inc — Preferred Stock Offering
Company: |
Sunstone Hotel Investors, Inc (NYSE:SHO) |
Date announced: |
5/10/2016 |
Shares Offered: |
3,000,000 |
Date of Pricing: |
5/10/2016 |
Price Per Share: |
$25.00 |
Preferred Stock Offering Details: |
Sunstone Hotel Investors, Inc. (NYSE: SHO) (the "Company") announced today that it has priced an underwritten public offering of 3,000,000 shares of its 6.45% Series F Cumulative Redeemable Preferred Stock (the "Series F Preferred Shares") for gross proceeds of $75 million. |
Sunstone Hotel Investors is a real estate investment trust. Co., through its 100% controlling interest in Sunstone Hotel Partnership, LLC (the Operating Partnership), of which it is the sole managing member, and the subsidiaries of the Operating Partnership, including Sunstone Hotel TRS Lessee, Inc. (the TRS Lessee) and its subsidiaries, engages in acquiring, owning, asset managing and renovating or repositioning hotel properties, and may also selectively sell hotels. All but two (the Boston Park Plaza and the Oceans Edge Resort & Marina) of Co.'s Hotels are operated under various brands. Co.'s portfolio consists of hotels located in primary convention, resort destination and urban markets. Preferreds: SHO.PRA, SHO.PRD, SHO.PRE, SHO.PRF, SHO.PRH, SHO.PRI
Open the SHO Page at Preferred Stock Channel »
Name: |
Sunstone Hotel Investors Inc |
Website: |
www.sunstonehotels.com |
Sector: |
REITs |
Number of ETFs Holding SHO: |
53 (see which ones) |
Total Market Value Held by ETFs: |
$625,692,850.56 |
Total Market Capitalization: |
$2,206,000,000 |
% of Market Cap. Held by ETFs: |
28.36% |
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Open the SHO Page at Preferred Stock Channel (in a new window) »
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