In trading on Thursday, shares of American Homes 4 Rent’s 6.25% Series H Cumulative Redeemable Perpetual Preferred Shares (Symbol: AMH.PRH) yielded over 6.5%, with prices dropping as low as $23.85. The quarterly dividend is annualized at $1.5625, contrasting with the average yield of 8.09% in the Real Estate preferred stock category.
As of the last close, AMH.PRH was trading at a 3.32% discount to its liquidation preference, significantly better than the average discount of 14.69% in the Real Estate sector. On the same day, AMH.PRH shares rose approximately 1.4%, while common shares (Symbol: AMH) fell about 0.6%.
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