RAIT Financial Trust's Series A Preferred Shares Crosses Above 8% Yield Territory

In trading on Wednesday, shares of RAIT Financial Trust's 7.75% Series A Cumulative Redeemable Preferred Shares (RAS.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $24.15 on the day. This compares to an average yield of 6.91% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, RAS.PRA was trading at a 2.40% discount to its liquidation preference amount, versus the average premium of 1.95% 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 Wednesday trading, RAIT Financial Trust's 7.75% Series A Cumulative Redeemable Preferred Shares ( RAS.PRA) is currently off about 1% on the day, while the common shares ( RAS) are up about 0.1%.

More from Stocks

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain