In trading on Tuesday, shares of Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares (HT.PRC) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.7188), with shares changing hands as low as $24.54 on the day. This compares to an average yield of 7.14% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, HT.PRC was trading at a 0.08% premium to its liquidation preference amount, versus the average discount of 0.43% in the "Real Estate" category.
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