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 6.5% mark based on its quarterly dividend (annualized to $1.375), with shares changing hands as low as $20.14 on the day. This compares to an average yield of 6.89% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, AHP.PRB was trading at a 12.80% discount to its liquidation preference amount, versus the average premium of 2.13% 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 off about 5.7% on the day, while the common shares ( AHP) are down about 10.6%.
More from Stocks
Dow Futures Jump Higher, Global Stocks Gain Ahead of Heavy Q3 Earnings Slate
Global stocks traded cautiously higher Tuesday, while U.S. equity futures pointed to a firmer open on Wall Street, as investors prepped for a two-day wave of bank earnings that could define the third quarter reporting season while paring risk positions amid lingering questions over the fate trade talks between Washington and Beijing.
Global Fund Managers Remain Bearish Amid 'Green Shoot' Signals On Trade - BAML
Global fund managers are slowly returning to world equity markets, according to Bank of America Merrill Lynch's benchmark survey published Tuesday, with a preference for U.S. stocks as investors favor deflation-protected investments amid a broader economic slowdown.
JPMorgan Chase, Citigroup, Walmart, General Motors, J&J - 5 Things You Must Know
U.S. stock futures rise as investors prep for a two-day wave of bank earnings; Citigroup, JPMorgan Chase, Wells Fargo and Goldman Sachs report earnings Tuesday; the UAW plans a call Thursday to update striking workers on the status of talks with General Motors.