In trading on Thursday, shares of Campus Crest Communities, Inc.'s 8.00% Series A Cumulative Redeemable Preferred Stock (CCG.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $24.88 on the day. This compares to an average yield of 7.45% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, CCG.PRA was trading at a 0.48% premium to its liquidation preference amount, versus the average discount of 2.75% in the "Real Estate" category.
Campus Crest Communities' Series A Preferred Stock Shares Cross 8% Yield Mark
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