NEW YORK ( TheStreet) -- The ex-dividend date for Hersha Hospitality (NYSE: HT) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $5.44 as of 9:30 a.m. ET, the dividend yield is 4.5%. The average volume for Hersha has been 785,100 shares per day over the past 30 days. Hersha has a market cap of $919.4 million and is part of the financial sector and real estate industry. Shares are up 11.7% year to date as of the close of trading on Monday. 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 hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and increase in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full Hersha Ratings Report. See our dividend calendar or top-yielding stocks list.