In Friday trading, Digital Realty Trust Inc’s 5.850% Series K Cumulative Redeemable Preferred Stock (Symbol: DLR.PRK) yielded above 6.5%, with shares trading as low as $22.45. This dividend translates to an annualized amount of $1.4625. Comparatively, the average yield in the “Real Estate” preferred stock category stands at 8.03%.
As of the last close, DLR.PRK was trading at a 9.68% discount to its liquidation preference, while the average discount in the sector is 13.66%. On that day, DLR.PRK fell approximately 0.3%, whereas the common shares (Symbol: DLR) dropped by 2.2%.
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