In trading on Friday, Digital Realty Trust Inc’s 5.200% Series L Cumulative Redeemable Preferred Stock (Symbol: DLR.PRL) was yielding above 6.5%, based on a quarterly dividend of $1.30, with shares trading as low as $19.84. In comparison, the average yield for the “Real Estate” preferred stock category is currently 8.10%. As of the last close, DLR.PRL was priced at a 19.04% discount to its liquidation preference, higher than the average 14.48% discount in the same category.
On that day, DLR.PRL was down approximately 0.3%, while Digital Realty’s common shares (Symbol: DLR) increased by about 0.7%.
