In trading on Tuesday, shares of Cedar Realty Trust, Inc.'s 7.25% Series B Cumulative Redeemable Preferred Stock (CDR.PRB) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.8125), with shares changing hands as low as $25.83 on the day. This compares to an average yield of 6.80% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, CDR.PRB was trading at a 4.00% premium to its liquidation preference amount, versus the average premium of 1.73% in the "Real Estate" category.
Cedar Realty Trust's Series B Preferred Stock Crosses Above 7% Yield Territory
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