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Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares Cross 7% Yield Mark


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In trading on Friday, shares of Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares (Symbol: HT.PRC) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.7188), with shares changing hands as low as $24.50 on the day. This compares to an average yield of 6.88% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, HT.PRC was trading at a 0.64% discount to its liquidation preference amount, versus the average premium of 27.74% in the "Real Estate" category.

Performance Comparison Chart

Below is a dividend history chart for HT.PRC, showing historical dividend payments on Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares :

HT.PRC+Dividend+History+Chart

In Friday trading, Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares (Symbol: HT.PRC) is currently up about 0.4% on the day, while the common shares (Symbol: HT) are up about 0.4%.

Click here to find out the 50 highest yielding preferreds »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas
Referenced Symbols: HT.PRC , HT



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