Newer Hotel REIT Offers More Shares and Increases Dividend
Highland Hospitality, a new 'high end' hotel REIT that manages 24 hotels, is offering 7.3 million more shares around $12.30. (The stock went public at 10 in 2003).
They also declared a quarterly dividend of 16 cents -- here is a history of their dividends (mostly 14 cents a share). If that is annualized. that comes out to a little over a 5% yield. Doesn't really grab my attention, but its good to know REITS are in heavy demand. See the recent sale of CarrAmerica to the Blackstone group? The REIT sector continues to looks hot.
They also declared a quarterly dividend of 16 cents -- here is a history of their dividends (mostly 14 cents a share). If that is annualized. that comes out to a little over a 5% yield. Doesn't really grab my attention, but its good to know REITS are in heavy demand. See the recent sale of CarrAmerica to the Blackstone group? The REIT sector continues to looks hot.
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