QTS Realty Trust's Series A Preferred Stock Crosses Above 7% Yield Territory

In trading on Thursday, shares of QTS Realty Trust Inc's 7.125% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: QTS.PRA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.7812), with shares changing hands as low as $25.40 on the day. This compares to an average yield of 6.77% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, QTS.PRA was trading at a 1.88% premium to its liquidation preference amount, versus the average premium of 34.83% in the "Real Estate" category.

Performance Comparison Chart

Below is a dividend history chart for QTS.PRA, showing historical dividend payments on QTS Realty Trust Inc's 7.125% Series A Cumulative Redeemable Perpetual Preferred Stock:

QTS.PRA+Dividend+History+Chart

In Thursday trading, QTS Realty Trust Inc's 7.125% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: QTS.PRA) is currently up about 0.3% on the day, while the common shares (Symbol: QTS) are up about 0.1%.

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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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