Kite Realty Group Trust's Series A Cumulative Redeemable Perpetual Preferred Shares Cross 8% Yield Mark

In trading on Monday, shares of Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares (NYSE: KRG.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $25.70 on the day. This compares to an average yield of 6.32% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, KRG.PRA was trading at a 5.88% premium to its liquidation preference a...