In trading on Thursday, shares of RAIT Financial Trust's 8.875% Series C Cumulative Redeemable Preferred Shares (RAS.PRC) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.2188), with shares changing hands as low as $24.50 on the day. This compares to an average yield of 7.87% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, RAS.PRC was trading at a 0.60% premium to its liquidation preference amount, versus the average discount of 7.39% in the "Real Estate" category.
RAIT Financial Trust's Series C Preferred Shares Yield Pushes Past 9%
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