Quantcast

Ramco-Gershenson Properties Trust's Series D Preferred Shares Cross 6.5% Yield Mark


Shutterstock photo

In trading on Thursday, shares of Ramco-Gershenson Properties Trust's 7.25% Series D Cumulative Convertible Perpetual Preferred Shares (Symbol: RPT.PRD) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $3.625), with shares changing hands as low as $55.71 on the day. This compares to an average yield of 6.31% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, RPT.PRD was trading at a 14.62% premium to its liquidation preference amount, versus the average premium of 3.41% in the "Real Estate" category. It should be noted that the preferred shares are convertible , with a conversion ratio of 3.4699.

The chart below shows the one year performance of RPT.PRD shares, versus RPT:

Performance Comparison Chart

Below is a dividend history chart for RPT.PRD, showing historical dividend payments on Ramco-Gershenson Properties Trust's 7.25% Series D Cumulative Convertible Perpetual Preferred Shares:

RPT.PRD+Dividend+History+Chart

In Thursday trading, Ramco-Gershenson Properties Trust's 7.25% Series D Cumulative Convertible Perpetual Preferred Shares (Symbol: RPT.PRD) is currently down about 0.3% on the day, while the common shares (Symbol: RPT) are down about 0.7%.

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



This article appears in: Investing , Investing Ideas
Referenced Symbols: RPT.PRD , RPT


More from BNK Invest

Subscribe






BNK Invest
Contributor:

BNK Invest

Market News, Investing








Research Brokers before you trade

Want to trade FX?





Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com