Federal Realty’s Preferred Shares Yield Above 6% Amid Market Activity

In trading on Wednesday, shares of Federal Realty Investment Trust’s 5.000% Series C Cumulative Redeemable Preferred Share (Symbol: FRT.PRC) yielded above 6%, based on its quarterly dividend of $1.25 annualized. During the day, shares dipped to as low as $20.50. This yield contrasts with an average of 8.03% across the “Real Estate” preferred stock category, as reported by Preferred Stock Channel. At the last close, FRT.PRC was trading at a 16.44% discount to its liquidation preference amount, which is higher than the average discount of 14.24% in the “Real Estate” category.

Below is a dividend history chart for FRT.PRC, detailing historical dividend payments on Federal Realty Investment Trust’s preferred shares:

In Wednesday trading, FRT.PRC was down about 1.1%, while the common shares (Symbol: FRT) declined by approximately 0.6%.

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See also:

• Future Dividend Aristocrats
• Institutional Holders of IMRX
• Top Ten Hedge Funds Holding EBIO

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.