Hersha Hospitality Trust's Series C Preferred Shares Cross 7% Yield Mark

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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The chart below shows the one year performance of HT.PRC shares, versus HT:

Performance Comparison Chart

Below is a dividend history chart for HT.PRC, showing historical dividend payments on Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares :

HT.PRC+Dividend+History+Chart

In Tuesday trading, Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares ( HT.PRC) is currently off about 1.9% on the day, while the common shares ( HT) are off about 2.7%.

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