In Monday trading, shares of Chatham Lodging Trust’s 6.625% Series A Cumulative Redeemable Preferred Shares (CLDT.PRA) yielded over 8.5%, with shares dropping to a low of $19.30. This yield surpasses the average of 8.43% in the “Real Estate” preferred stock category. CLDT.PRA is currently trading at a 21.28% discount to its liquidation preference, compared to the category’s average discount of 17.71%.
As of the last close, CLDT.PRA was down approximately 1.4% for the day, while Chatham’s common shares (CLDT) saw a modest increase of 0.2%. The preferred shares maintain an annualized dividend of $1.6562.
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