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 $25.75 on the day. This compares to an average yield of 7.16% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, KRG.PRA was trading at a 3.84% premium to its liquidation preference amount, versus the average premium of 0.96% in the "Real Estate" category.
Kite Realty Group's Series A Preferred Shares Cross 8% Yield Mark
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts