Essex Property Trust Series H Cumulative Redeemable Preferred Stock Shares Cross 7% Yield Mark

In trading on Wednesday, shares of Essex Property Trust, Inc.'s 7.125% Series H Cumulative Redeemable Preferred Stock (NYSE: ESS.PRH) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.7812), with shares changing hands as low as $25.32 on the day. This compares to an average yield of 6.39% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, ESS.PRH was trading at a 3.00% premium to its liquidation preference amount...