Pennsylvania Real Estate Investment Trust's Series B Preferred Shares Cross 7% Yield Mark

In trading on Thursday, shares of Pennsylvania Real Estate Investment Trust's 7.375% Series B Cumulative Redeemable Perpetual Preferred Shares (NYSE: PEI.PRB) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.8438), with shares changing hands as low as $26.13 on the day. This compares to an average yield of 6.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PEI.PRB was trading at a 5.44% premium to its liqu...