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Alexandria Real Estate Equities' Series D Preferred Stock Yield Pushes Past 4.5%

In trading on Thursday, shares of Alexandria Real Estate Equities Inc's 7.00% Series D Cumulative Convertible Preferred Stock (Symbol: ARE.PRD) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $1.75), with shares changing hands as low as $38.69 on the day. This compares to an average yield of 6.63% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, ARE.PRD was trading at a 55.80% premium to its liquidation preference amount, versus the average premium of 36.93% in the "Real Estate" category. It should be noted that the preferred shares are convertible, with a conversion ratio of $100.93 .

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

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 Thursday trading, Alexandria Real Estate Equities Inc's 7.00% Series D Cumulative Convertible Preferred Stock (Symbol: ARE.PRD) is currently off about 0.6% on the day, while the common shares (Symbol: ARE) are up about 0.3%.

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

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