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|
|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|
|SUNSTONE HOTEL INVESTORS||13.67||14.5||0.94||0.20||1.46|
|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|
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