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In trading on Wednesday, shares of EPR Properties's 9.00% Series E Cumulative Convertible Preferred Shares (Symbol: EPR.PRE) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $2.25), with shares changing hands as low as $34.24 on the day. This compares to an average yield of 6.96% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, EPR.PRE was trading at a 38.92% premium to its liquidation preference amount, versus the average premium of 2.27% in the "Real Estate" category. It should be noted that the preferred shares are convertible , with a conversion ratio of 0.4512.
The chart below shows the one year performance of EPR.PRE shares, versus EPR:
Below is a dividend history chart for EPR.PRE, showing historical dividend payments on EPR Properties's 9.00% Series E Cumulative Convertible Preferred Shares:
In Wednesday trading, EPR Properties's 9.00% Series E Cumulative Convertible Preferred Shares (Symbol: EPR.PRE) is currently down about 0.7% on the day, while the common shares (Symbol: EPR) are up about 2%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
