In trading on Wednesday, shares of Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares (KRG.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $25.39 on the day. This compares to an average yield of 7.49% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, KRG.PRA was trading at a 3.48% premium to its liquidation preference amount, versus the average discount of 3.33% in the "Real Estate" category.
Kite Realty's Series A Preferred Shares Cross 8% Yield Mark
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