On Friday, Shares of Pitney Bowes Inc. (NYSE:PBI), added0.86 % and closed at $15.18 in the last trading session. The last trading range of the stock ranges between $14.95 and $15.22. Pitney Bowes Inc. (PBI), a global technology company that provides innovative products and solutions that power commerce, recently declared that its Board of Directors has declared a quarterly cash dividend on the company’s common stock of $0.1875 per share. The dividend will be paid on December 12, 2016, to stockholders of record on November 21, 2016. In addition, a quarterly cash dividend of $0.53 per share on the company’s $2.12 convertible preference stock, will be paid on January 1, 2017, to stockholders of record on December 15, 2016, and a quarterly cash dividend of $0.50 per share on the company’s 4 percent convertible cumulative preferred stock will be paid on February 1, 2017, to stockholders of record on January 15, 2017.
Sunstone Hotel Investors Inc (NYSE:SHO), jumped1.26 % and closed at $13.64 in the last trading session. The last trading range of the stock ranges between $13.47 and $13.77. The company’s Market capitalization is $2.99 Billion with the total Outstanding Shares of 216.51 million. Sunstone Hotel Shareholders, Inc. (the “Company” or “Sunstone”) (SHO) recently declared results for the third quarter ended September 30, 2016.
Third Quarter 2016 Operational Results (as contrast to Third Quarter 2015):
Net income reduced 37.5% to $39.4 million.
Income attributable to common stockholders per diluted share reduced 42.9% to $0.16.
Comparable Hotel RevPAR raised 2.2% to $174.44.
Comparable Hotel Adjusted EBITDA Margin, apart from prior year property tax adjustments, net raised 120 basis points to 32.6%. Apart From the impact related to the end of the ground rent abatement at the Hilton San Diego Bayfront, Comparable Hotel Adjusted EBITDA Margin, apart from prior year property tax adjustments, net would have raised by 170 basis points.
Adjusted EBITDA reduced 6.6% to $87.9 million.
Adjusted FFO attributable to common stockholders per diluted share reduced 8.3% to $0.33.