Quantcast

Alexandria Real Estate Equities' Series D Preferred Stock Shares Cross 5% Yield Mark


Shutterstock photo

In trading on Wednesday, 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 $34.79 on the day. This compares to an average yield of 6.80% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, ARE.PRD was trading at a 40.64% premium to its liquidation preference amount, versus the average premium of 28.89% 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 Wednesday trading, Alexandria Real Estate Equities Inc's 7.00% Series D Cumulative Convertible Preferred Stock (Symbol: ARE.PRD) is currently down about 1.1% on the day, while the common shares (Symbol: ARE) are off about 0.6%.

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 , Investing Ideas
Referenced Symbols: ARE.PRD , ARE



More from BNK Invest

Subscribe






BNK Invest
Contributor:

BNK Invest

Market News, Investing










Research Brokers before you trade

Want to trade FX?