Preferred Stocks to Buy: Ashford Hospitality Trust Series D Preferred*
Current Dividend Yield: 8.3%
I know, I know … I love Ashford Hospitality Trust (AHT), a hotel real estate investment trust (REIT) that I have owned off and on ever since its initial public offering in 2003.
The truth is that Ashford is the single best run hotel REIT in the nation, never cut its preferred dividends during the financial crisis, has plenty of liquidity and has crackerjack debt management.
Even better, Ashford has a Series D Preferred priced at 8.45%, and currently yielding 8.3%. It trades at less than 2% above par. There’s also a 9% Series E that yields about the same, but trades well above par, so I’d go with the former.
*Note: Trading symbols for preferred stocks vary based on who your broker is. Call your broker for symbols.