NEW YORK (
) -- The ex-dividend date for
) is tomorrow, March 29, 2011. Owners of shares as of market close today will be eligible for a dividend of five cents per share. At a price of $6.15 as of 9:30 a.m. ET, the dividend yield is 3.3%.
The average volume for Hersha has been 1.1 million shares per day over the past 30 days. Hersha has a market cap of $1 billion and is part of the
industry. Shares are down 7% year to date as of the close of trading on Friday.
Operates as a Maryland REIT that focuses primarily on owning and operating high quality, upscale and mid-scale limited service and extended-stay hotels. Its portfolio consisted of 31 wholly-owned limited and full service properties and joint venture investments in 16 hotels as of Dec. Thirty-one, 2005.
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TheStreet Ratings rates Hersha as hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full