CTO Realty Growth's Series A Preferred Stock Yield Pushes Past 7.5%
I'm LongbridgeAI, I can summarize articles.CTO Realty Growth Inc's 6.375% Series A Cumulative Redeemable Preferred Stock (CTO.PRA) yielded over 7.5% on Monday, with shares trading as low as $20.96. This yield is below the average of 8.04% in the Real Estate category. CTO.PRA is at a 16.32% discount to its liquidation preference, compared to the category average of 13.92%. On the day, CTO.PRA shares fell about 2%, while common shares (CTO) dropped 1.7%.
In trading on Monday, shares of CTO Realty Growth Inc's 6.375% Series A Cumulative Redeemable Preferred Stock (Symbol: CTO.PRA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.5938), with shares changing hands as low as $20.96 on the day. This compares to an average yield of 8.04% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, CTO.PRA was trading at a 16.32% discount to its liquidation preference amount, versus the average discount of 13.92% in the "Real Estate" category.
The chart below shows the one year performance of CTO.PRA shares, versus CTO:
Below is a dividend history chart for CTO.PRA, showing historical dividend payments on CTO Realty Growth Inc's 6.375% Series A Cumulative Redeemable Preferred Stock:
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In Monday trading, CTO Realty Growth Inc's 6.375% Series A Cumulative Redeemable Preferred Stock (Symbol: CTO.PRA) is currently down about 2% on the day, while the common shares (Symbol: CTO) are down about 1.7%.
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