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Hersha Hospitality's Series B Preferred Shares Yield Pushes Past 8%

In trading on Wednesday, shares of Hersha Hospitality Trust's 8.00% Series B Cumulative Redeemable Preferred Shares (Symbol: HT.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $24.70 on the day. This compares to an average yield of 8.93% in the "REITs" preferred stock category, according to Preferred Stock Channel . As of last close, HT.PRB was trading at a 0.88% premium to its liquidation preference amount, versus the average discount of 9.34% in the "REITs" category.

Performance Comparison Chart

Below is a dividend history chart for HT.PRB, showing historical dividend payments on Hersha Hospitality Trust's 8.00% Series B Cumulative Redeemable Preferred Shares:

HT.PRB+Dividend+History+Chart

In Wednesday trading, Hersha Hospitality Trust's 8.00% Series B Cumulative Redeemable Preferred Shares (Symbol: HT.PRB) is currently down about 0.1% on the day, while the common shares (Symbol: HT) are up about 0.8%.

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


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

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