20 Jan Pebblebrook Hotel Trust's Series C Preferred Shares Cross 6.5% Yield Mark
In trading on Friday, shares of Pebblebrook Hotel Trust’s 6.50% Series C Cumulative Redeemable Preferred Shares (Symbol: PEB.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $24.93 on the day. This compares to an average yield of 6.82% in the “Real Estate” preferred stock category, according to Preferred Stock Channel . As of last close, PEB.PRC was trading at a 0.16% premium to its liquidation preference amount, versus the average premium of 2.22% in the “Real Estate” category.
The chart below shows the one year performance of PEB.PRC shares, versus PEB:Below is a dividend history chart for PEB.PRC, showing historical dividend payments on Pebblebrook Hotel Trust’s 6.50% Series C Cumulative Redeemable Preferred Shares: In Friday trading, Pebblebrook Hotel Trust’s 6.50% Series C Cumulative Redeemable Preferred Shares (Symbol: PEB.PRC) is currently down about 0.1% on the day, while the common shares (Symbol: PEB) are up about 0.5%.
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