Hersha Stock To Go Ex-dividend Tomorrow (HT)

NEW YORK ( TheStreet) -- The ex-dividend date for Hersha Hospitality (NYSE: HT) is tomorrow, December 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $4.84 as of 12:50 p.m. ET, the dividend yield is 4.9%.

The average volume for Hersha has been one million shares per day over the past 30 days. Hersha has a market cap of $798.7 million and is part of the financial sector and real estate industry. Shares are down 26.2% year to date as of the close of trading on Tuesday.

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. 31, 2005.

TheStreet Ratings rates Hersha as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and poor profit margins. You can view the full Hersha Ratings Report.

See our dividend calendar or top-yielding stocks list.

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