In trading on Thursday, Public Storage’s 4.625% Dep Shares of Cumulative Preferred Share Series L (Symbol: PSA.PRL) yielded above 6.5%, with shares reaching a low of $17.75. This yield contrasts with an average of 8.06% in the Real Estate preferred stock category. At the last close, PSA.PRL traded at a 28.24% discount to its liquidation preference amount, compared to the average discount of 14.07% for the category.
On that day, PSA.PRL was down approximately 0.2%, while the common shares (Symbol: PSA) increased by about 0.4%. The annualized dividend for PSA.PRL amounts to $1.1564.
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