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Hotel REITs: Dividend Cut Bloodbath

Published Thu, 09 Jul 2020 12:00:44 -0400 on Seeking Alpha

Seeking AlphaREITsHotel REITs: Dividend Cut BloodbathJul. 9, 2020 12:00 PM ET|| Includes: AHT, AHT.PD, AHT.PF, AHT.PG, AHT.PH, AHT.PI, AIRB, APLE, AWP, BBRE, BHR, BHR.PB, BHR.PD, CDOR, CHH, CLDT, CPLG, DRH, FREL, H, HLT, HST, HT, HT.PC, HT.PD, HT.PE, ICF, IGR, INN, INN.PD, INN.PE, IYR, JRS, KBWY, MAR, NRO, NURE, PEB, PEB.PC, PEB.PD, PEB.PE, PEB.PF, PFFR, PK, PPTY, REET, REIT, RHP, RLJ, RLJ.PA, RNP, ROOF, RQI, RWR, SCHH, SHO, SHO.PE, SHO.PF, SOHO, SOHOB, SOHON, SOHOO, SRET, STAY, SVC, USRT, VNQ, XHR, XLREby: Hoya Capital Real EstateHoya Capital Real Estate iREIT on AlphaThe #1 REIT service for investors who strive to SLEEP WELL AT NIGHT SummaryHotel REITs have been hit harder than any real estate sector during the ongoing coronavirus pandemic and resulting economic lockdowns, plunging more than 50% in 2020.
Dividend cuts abound. Every hotel REIT slashed its dividend over the last quarter, but even that might not be enough to stay afloat as the industry faces an existential crisis.
"No vacancy" becomes "no occupancy." Following a record year of occupancy and revenues for the hotel industry in 2019, hotels are expecting a mind-blowing 50% plunge in revenues this year.
A rebound in economic activity since April has thrown a lifeline to several highly levered REITs teetering on the edge, but a "second wave" of the pandemic could be the death knell.
Hotel ownership is a tough, capital-intensive business even in the best of times. Outside of several well-capitalized hotel REITs, value-seeking investors should be wary of catching the falling knife.
REIT Rankings: Hotels

(Hoya Capital Real Estate, Co-Produced with Brad Thomas)
Hotel REIT Sector Overview
"No vacancy" has become "no occupancy" for Hotel REITs in 2020, which have been hit harder than any property sector during the coronavirus pandemic and resulting economic lockdown amid an existential crisis for the leisure and hospitality industry. Following a record year... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ALPINE GLOBAL PREMIER PROPERTIES FUND 6.15   0.0 0.00 0.00 7.95
RLJ LODGING TRUST 17.42   22.0 0.79 1.32 7.69
HERSHA HOSPITALITY TRUST 15.01   0.0 -0.54 1.12 7.42
ASHFORD HOSPITALITY TRUST 3.22   0.0 -1.82 0.24 7.34
NUVEEN REAL ESTATE INCOME FUND 10.71   0.0 0.00 0.00 6.99
COHEN & STEERS REIT 23.56   0.0 0.00 0.00 6.38
COHEN & STEERS QUALITY INCOME REALTY FUND 15.60   0.0 0.00 0.00 6.30
SUMMIT HOTEL PROPERTIES 12.04   13.8 0.87 0.72 6.18
EXTENDED STAY AMERICA 14.83   26.0 0.57 0.92 6.15
PEBBLEBROOK HOTEL TRUST 28.65   0.0 -0.41 1.52 5.23
DIAMONDROCK HOSPITALITY 9.88   22.0 0.45 0.50 4.95
HOST HOTELS & RESORTS 17.08   11.5 1.48 0.80 4.59
RYMAN HOSPITALITY PROPERTIES 81.48   16.1 5.05 3.60 4.46
MARRIOTT INTERNATIONAL 132.51   32.5 4.08 1.92 1.46
SUNSTONE HOTEL INVESTORS 13.67   14.5 0.94 0.20 1.46
HYATT HOTELS 75.83   19.5 3.88 0.76 1.00
CHOICE HOTELS INTERNATIONAL 93.27   24.3 3.84 0.86 0.92
ISHARES COHEN & STEERS REALTY MAJORS INDEX FUND 118.41   0.0 0.00 0.00 0.00

ALPINE GLOBAL PREMIER PROPERTIES FUND - AWP
ALPINE GLOBAL PREMIER PROPERTIES FUND - AWP  


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