In trading on Friday, shares of Excel Trust Inc.'s 8.125% Series B Cumulative Redeemable Preferred Stock (EXL.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.0312), with shares changing hands as low as $25.30 on the day. This compares to an average yield of 7.84% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, EXL.PRB was trading at a 4.00% premium to its liquidation preference amount, versus the average discount of 7.07% in the "Real Estate" category.
Excel Trust's Series B Preferred Stock Shares Cross 8% Yield Mark
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