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Alexandria Real Estate Equities Series D Cumulative Convertible Preferred Stock Crosses Above 5% Yield Territory


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In trading on Friday, shares of Alexandria Real Estate Equities Inc's 7.00% Series D Cumulative Convertible Preferred Stock (Symbol: ARE.PRD) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.75), with shares changing hands as low as $34.91 on the day. This compares to an average yield of 7.04% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, ARE.PRD was trading at a 40.40% premium to its liquidation preference amount, versus the average premium of 22.55% in the "Real Estate" category. It should be noted that the preferred shares are convertible , with a conversion ratio of $100.93 .

Performance Comparison Chart

Below is a dividend history chart for ARE.PRD, showing historical dividend payments on Alexandria Real Estate Equities Inc's 7.00% Series D Cumulative Convertible Preferred Stock:

ARE.PRD+Dividend+History+Chart

In Friday trading, Alexandria Real Estate Equities Inc's 7.00% Series D Cumulative Convertible Preferred Stock (Symbol: ARE.PRD) is currently down about 0.5% on the day, while the common shares (Symbol: ARE) are down about 0.4%.

Click here to find out the 50 highest yielding preferreds »

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
Referenced Symbols: ARE.PRD , ARE


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