In trading on Thursday, shares of Ashford Hospitality Prime Inc's 5.50% Series B Cumulative Convertible Preferred Stock (AHP.PRB) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.375), with shares changing hands as low as $22.65 on the day. This compares to an average yield of 6.80% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, AHP.PRB was trading at a 8.16% discount to its liquidation preference amount, versus the average premium of 3.99% in the "Real Estate" category. It should be noted that the preferred shares are convertible, with a conversion ratio of $18.90 .The chart below shows the one year performance of AHP.PRB shares, versus AHP: Below is a dividend history chart for AHP.PRB, showing historical dividend payments on Ashford Hospitality Prime Inc's 5.50% Series B Cumulative Convertible Preferred Stock: In Thursday trading, Ashford Hospitality Prime Inc's 5.50% Series B Cumulative Convertible Preferred Stock ( AHP.PRB) is currently down about 1.4% on the day, while the common shares ( AHP) are off about 1.5%.
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