Hersha Stock To Go Ex-dividend Tomorrow (HT)

NEW YORK ( TheStreet) -- The ex-dividend date for Hersha Hospitality (NYSE: HT) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $5.11 as of 9:30 a.m. ET, the dividend yield is 4.6%.

The average volume for Hersha has been 1.5 million shares per day over the past 30 days. Hersha has a market cap of $918.8 million and is part of the financial sector and real estate industry. Shares are up 3.9% 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, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Hersha Ratings Report.

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