In Tuesday trading, Pebblebrook Hotel Trust’s 6.30% Series J Cumulative Redeemable Preferred Shares (Symbol: PEB.PRF) yielded over 8%, with shares trading as low as $19.61. The annualized dividend is $1.575, resulting in a yield of 8.16%, compared to an average yield of 8.16% for preferred stocks in the “Real Estate” category.
PEB.PRF is currently trading at a 20.76% discount to its liquidation preference amount, exceeding the average 15.24% discount in the same sector. Concurrently, Pebblebrook’s common shares (Symbol: PEB) experienced a decline of approximately 1.9%.
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