RAIT Financial's Series A Preferred Shares Cross 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 $23.93 on the day. This compares to an average yield of 6.93% 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 2.21% in the "Real Estate" category.

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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 down about 1.8% on the day, while the common shares ( RAS) are up about 0.3%.

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