Markets

Pebblebrook Hotel Trust's Series C Preferred Shares Cross 6.5% Yield Mark

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Shutterstock photo

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In trading on Wednesday, shares of Pebblebrook Hotel Trust's 6.50% Series C Cumulative Redeemable Preferred Shares (Symbol: PEB.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $24.92 on the day. This compares to an average yield of 6.87% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, PEB.PRC was trading at a 0.80% premium to its liquidation preference amount, versus the average premium of 1.91% in the "Real Estate" category.

The chart below shows the one year performance of PEB.PRC shares, versus PEB:

Performance Comparison Chart

Below is a dividend history chart for PEB.PRC, showing historical dividend payments on Pebblebrook Hotel Trust's 6.50% Series C Cumulative Redeemable Preferred Shares:

PEB.PRC+Dividend+History+Chart

In Wednesday trading, Pebblebrook Hotel Trust's 6.50% Series C Cumulative Redeemable Preferred Shares (Symbol: PEB.PRC) is currently up about 0.5% on the day, while the common shares (Symbol: PEB) are down about 0.3%.

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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