In trading on Friday, shares of Digital Realty Trust Inc’s 5.200% Series L Cumulative Redeemable Preferred Stock (Symbol: DLR.PRL) yielded over 7% based on its quarterly dividend, which is annualized to $1.30. Shares traded as low as $18.40, reflecting a 25.64% discount to its liquidation preference. In comparison, the average yield in the “Real Estate” preferred stock category was 8.24%, with an average discount of 16.03%.
Additionally, DLR.PRL experienced a decline of about 0.8% on the day, while the company’s common shares (Symbol: DLR) remained flat.
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