Digital Realty Trust Series J Preferred Shares Cross 5.5% Yield Barrier

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IIn Friday’s trading, Digital Realty Trust Inc’s 5.250% Cumulative Redeemable Preferred Share Series J (ticker: DLR.PRJ) was selling above the 5.5% mark based on its quarterly dividend (annualized at $1.3125), with shares changing hands as low as $23.83 on the day. That compares to an average return of 6.87% in the Real Estate preferred stock category, according to Preferred Stock Channel. As of last close, DLR.PRJ was trading at a 3.64% discount to its preferred liquidation amount, compared to an average discount of 4.56% in the “Real Estate” category.

The chart below shows the one-year performance of DLR.PRJ shares, compared to DLR:

Below is a historical dividend chart for DLR.PRJ, showing historical dividend payments on Digital Realty Trust Inc Series J 5.250% Cumulative Redeemable Preferred Shares:

DLR.PRJ+Dividend+Historical+Chart

In Friday trading, Digital Realty Trust Inc. Series J 5.250% Cumulative Redeemable Preferred Shares (Symbol: DLR.PRJ) are currently down about 0.9% on the day, while common shares ( symbol: DLR) are up about 0.2%.

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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