In Wednesday trading, Public Storage’s 4.875% Cumulative Preferred Share of Beneficial Interest, Series I (Symbol: PSA.PRI) yielded over 6.5%, with shares trading as low as $18.75. This contrasts with an average yield of 8.09% in the Real Estate preferred stock category. Currently, PSA.PRI is trading at a 24.76% discount to its liquidation preference, compared to the average discount of 14.17% in its category.
As of the last close, PSA.PRI experienced a decline of about 0.3% on the day, while the common shares (Symbol: PSA) remained flat. The annualized dividend is set at $1.2188.
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