Hersha Hospitality Trust's Series E Preferred Shares Cross 8.5% Yield Mark

By Preferred Stock Channel Staff, Monday, July 10, 2:18 PM ET

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In trading on Monday, shares of Hersha Hospitality Trust's 6.50% Series E Cumulative Redeemable Preferred Shares (HT.PRE) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $18.19 on the day. This compares to an average yield of 8.06% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, HT.PRE was trading at a 23.20% discount to its liquidation preference amount, versus the average discount of 17.60% in the "Real Estate" category.

The chart below shows the one year performance of HT.PRE shares, versus HT:

Performance Comparison Chart

Below is a dividend history chart for HT.PRE, showing historical dividend payments on Hersha Hospitality Trust's 6.50% Series E Cumulative Redeemable Preferred Shares :

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In Monday trading, Hersha Hospitality Trust's 6.50% Series E Cumulative Redeemable Preferred Shares (HT.PRE) is currently down about 0.5% on the day, while the common shares (NYSE:HT) are up about 1.3%.

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Hersha Hospitality Trust's Series E Preferred Shares Cross 8.5% Yield Mark

Hersha Hospitality Trust's Series E Preferred Shares Cross 8.5% Yield Mark | www.PreferredStockChannel.com