Trading on Friday, shares of Digital Realty Trust Inc.’s 5.250% Series J Cumulative Redeemable Preferred Stock (DLR.PRJ) surpassed the 7% yield threshold, driven by its quarterly dividend annualized to $1.3125, with shares dipping to $18.63 intraday. This performance contrasts with the 8.24% average yield in the Real Estate preferred stock category, according to Preferred Stock Channel. At last close, DLR.PRJ traded at a 24.60% discount to its liquidation preference, exceeding the sector’s typical 16.03% discount.
The following chart illustrates the historical dividend payments on Digital Realty Trust Inc.’s 5.250% Series J Cumulative Redeemable Preferred Stock.
On Friday, DLR.PRJ declined approximately 0.7%, while the company’s common shares (DLR) rose 2.1%.