Hersha Hospitality Trust | 6.875% Series C Cumulative Redeemable Preferred Shares (HT.PRC)

Prospectus excerpt:  Hersha Hospitality Trust is offering 3,000,000 shares of its 6.875% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share, which we refer to in this prospectus supplement as the Series C Preferred Shares.

We will pay quarterly cumulative dividends, in arrears, on the Series C Preferred Shares from, and including, the date of original issue, payable on or about January 15th, April 15th, July 15th and October 15th of each year, when and as declared, beginning on April 15, 2013, at a yearly rate of 6.875% of the $25.00 liquidation preference, or $1.71875 per Series C Preferred Share per year. The first dividend payment will be for less than a full quarter and will cover the period from, and including, March 6, 2013 to, but excluding, April 15, 2013.

Full Prospectus PDF », HT Page »

Alternate symbology:HT-C, HT-PC, HTprC
Call Date:3/6/2018 (Now Trading Post Call Date)
Shares Offered:3,000,000
Liquidation Preference:$25
Recent Market Price:$20.37
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-4.63 (-18.52%)
Annualized Dividend:1.7188
Recent Ex-Date:9/29/2022
Current Yield:8.44%
Original Coupon:6.88%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
CDx3 Compliance Rating: Learn HT.PRC's Rating
Hersha Hospitality Trust is a real estate investment trust. Co. invests primarily in institutional grade hotels in primary urban gateway markets including New York, Washington, District of Columbia, Boston, Philadelphia, South Florida and select markets on the West Coast. Co. owns its hotels and its investments in joint ventures through its operating partnership, Hersha Hospitality Limited Partnership, for which Co. serves as the sole general partner. The majority of Co.'s wholly-owned hotels are managed by Hersha Hospitality Management, L.P., a management company owned by other unaffiliated third party investors and in which certain of its trustees have a minority investment.


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Hersha Hospitality Trust
Number of ETFs Holding HT: 
41 (see which ones)
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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