Pebblebrook Hotel Trust’s Series I Preferred Shares Yield Pushes Past 7.5%

In trading on Friday, shares of Pebblebrook Hotel Trust’s 6.375% Series I Cumulative Redeemable Preferred Shares (Symbol: PEB.PRE) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.5938), with shares changing hands as low as $21.12 on the day. This compares to an average yield of 7.72% in the “Real Estate” preferred stock category, according to Preferred Stock Channel. As of last close, PEB.PRE was trading at a 12.24% discount to its liquidation preference amount, versus the average discount of 10.26% in the “Real Estate” category.

The chart below shows the one year performance of PEB.PRE shares, versus PEB:

Below is a dividend history chart for PEB.PRE, showing historical dividend payments on Pebblebrook Hotel Trust’s 6.375% Series I Cumulative Redeemable Preferred Shares:

Free Report: Top 8%+ Dividends (paid monthly)

In Friday trading, Pebblebrook Hotel Trust’s 6.375% Series I Cumulative Redeemable Preferred Shares (Symbol: PEB.PRE) is currently off about 3.7% on the day, while the common shares (Symbol: PEB) are off about 1%.

Also see:

• Cheap Consumer Stocks
• MDM Historical Stock Prices
• HIO Historical Stock Prices

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