In trading on Thursday, shares of RAIT Financial Trust's 8.875% Series C Cumulative Redeemable Preferred Shares (RAS.PRC) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $2.2188), with shares changing hands as low as $23.07 on the day. This compares to an average yield of 6.90% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, RAS.PRC was trading at a 4.36% discount to its liquidation preference amount, versus the average premium of 3.69% in the "Real Estate" category.The chart below shows the one year performance of RAS.PRC shares, versus RAS: Below is a dividend history chart for RAS.PRC, showing historical dividend payments on RAIT Financial Trust's 8.875% Series C Cumulative Redeemable Preferred Shares : In Thursday trading, RAIT Financial Trust's 8.875% Series C Cumulative Redeemable Preferred Shares ( RAS.PRC) is currently trading flat on the day, while the common shares ( RAS) are off about 13.7%.
More from Stocks
Fracking-Firm Merger: Parsley Energy to Acquire Jagged Peak for $1.65 Billion
The stock deal would bring together two specialists in fracking in the Permian Basin.
Individual Stock Picking Continues to Be Extremely Challenging
When the market is less index driven and more focused on earnings we should see better action.
Stocks Turn Higher Though Trade Agreement Uncertainty Lingers
Stocks turn positive Monday though Chinese officials said they want to talk further about last week's tentative trade agreement between the world's two largest economies.
I'm Still 'Neutral/Negative' on the Market Even After Friday's Big Rally
The gains weren't big enough to make me bullish.