In trading on Friday, Digital Realty Trust Inc’s 5.250% Series J Cumulative Redeemable Preferred Stock (Symbol: DLR.PRJ) yielded over 7% based on its quarterly dividend of $1.3125, with shares trading as low as $18.63. This yield is lower than the 8.24% average in the “Real Estate” preferred stock category. DLR.PRJ was trading at a 24.60% discount to its liquidation preference amount, compared to the category average of 16.03%.
On the same day, DLR.PRJ was down approximately 0.7%, while the common shares (Symbol: DLR) were up about 2.1%.
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