Sunstone Hotel Investors: 7.2%-Yielding Preferred Shares Offer Great Risk/Reward
Sunstone Hotel Investors(SHO) Seeking Alpha·2024-06-08 23:40
Art Wager/iStock Unreleased via Getty Images Introduction As I have dedicated a portion of my investment portfolio to fixed income, I am still looking for additional exposure to preferred equity. As the interest rates on the financial markets will move down, the price of fixed rate preferred shares will go up (assuming the creditworthiness of the issuer remains unchanged). I sold my preferred shares in Sunstone Hotel Investors, Inc. (NYSE:SHO) a few months ago on a temporary price spike, but I am wonder ...