In trading on Friday, shares of RAIT Financial Trust's 8.875% Series C Cumulative Redeemable Preferred Shares (RAS.PRC) were yielding above the 15.5% mark based on its quarterly dividend (annualized to $2.2188), with shares changing hands as low as $14.20 on the day. This compares to an average yield of 7.16% in the "REITs" preferred stock category, according to Preferred Stock Channel. As of last close, RAS.PRC was trading at a 42.24% discount to its liquidation preference amount, versus the average discount of 6.13% in the "REITs" 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 Friday trading, RAIT Financial Trust's 8.875% Series C Cumulative Redeemable Preferred Shares ( RAS.PRC) is currently off about 1.7% on the day, while the common shares ( RAS) are off about 0.4%.
More from Stocks
Jim Cramer: A Cold War With China Is Worth Avoiding
I wish I could say buy this dip. But the dip is one that's not necessarily going to have an ending today.
Apple Gets Hit on Trump's Tweet Telling U.S. Firms Not to Make Goods in China
Apple is 'aggressively' looking to shift its supply chain away from China as a result of the trade tensions, according to an analyst.