On 12/27/13, Hospitality Properties Trust's 7.125% Series D Cumulative Redeemable Preferred Shares (HPT.PRD) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 1/15/14. As a percentage of HPT.PRD's recent share price of $23.48, this dividend works out to approximately 1.90%, so look for shares of HPT.PRD to trade 1.90% lower — all else being equal — when HPT.PRD shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 7.61%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, HPT.PRD was trading at a 6.40% discount to its liquidation preference amount. The chart below shows the one year performance of HPT.PRD shares, versus HPT:
Below is a dividend history chart for HPT.PRD, showing historical dividends prior to the most recent $0.4453 on Hospitality Properties Trust's 7.125% Series D Cumulative Redeemable Preferred Shares:
According to the ETF Finder at ETF Channel, Hospitality Properties Trust (HPT) makes up 4.89% of the KBW Premium Yield Equity REIT Portfolio ETF (KBWY) which is trading relatively unchanged on the day Thursday.