RAIT Financial Trust's Series A Preferred Shares Cross 9% Yield Mark

In trading on Friday, shares of RAIT Financial Trust's 7.75% Series A Cumulative Redeemable Preferred Shares (RAS.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $21.01 on the day. This compares to an average yield of 7.84% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, RAS.PRA was trading at a 12.84% discount to its liquidation preference amount, versus the average discount of 7.07% in the "Real Estate" category.

START SLIDESHOW:
Click here to find out the 50 highest yielding preferreds »

The chart below shows the one year performance of RAS.PRA shares, versus RAS:

Performance Comparison Chart

Below is a dividend history chart for RAS.PRA, showing historical dividend payments on RAIT Financial Trust's 7.75% Series A Cumulative Redeemable Preferred Shares:

RAS.PRA+Dividend+History+Chart

In Friday trading, RAIT Financial Trust's 7.75% Series A Cumulative Redeemable Preferred Shares ( RAS.PRA) is currently up about 2.2% on the day, while the common shares ( RAS) are down about 0.6%.

More from Stocks

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat