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Pennsylvania Real Estate Investment's Series A Preferred Shares Cross 8% Yield Mark


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In trading on Thursday, shares of Pennsylvania Real Estate Investment Trust’s 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares (Symbol: PEI.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $25.58 on the day. This compares to an average yield of 7.37% in the “Real Estate” preferred stock category, according to Preferred Stock Channel . As of last close, PEI.PRA was trading at a 3.96% premium to its liquidation preference amount, versus the average discount of 1.33% in the “Real Estate” category.

Performance Comparison Chart

Below is a dividend history chart for PEI.PRA, showing historical dividend payments on Pennsylvania Real Estate Investment Trust’s 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares : PEI.PRA+Dividend+History+Chart In Thursday trading, Pennsylvania Real Estate Investment Trust’s 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares (Symbol: PEI.PRA) is currently up about 0.2% on the day, while the common shares (Symbol: PEI) are down about 2.1%.

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Pennsylvania Real Estate Investment's Series A Preferred Shares Cross 8% Yield Mark Reviewed by on . Shutterstock photo In trading on Thursday, shares of Pennsylvania Real Estate Investment Trust's 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares Shutterstock photo In trading on Thursday, shares of Pennsylvania Real Estate Investment Trust's 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares Rating:
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