Welltower's Series I Preferred Stock Shares Cross 5% Yield Mark

In trading on Tuesday, shares of Welltower Inc's 6.50% Series I Cumulative Convertible Perpetual Preferred Stock (NYSE: HCN.PRI) were yielding above the 5% mark based on its quarterly dividend (annualized to $3.25), with shares changing hands as low as $64.57 on the day. This compares to an average yield of 6.80% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, HCN.PRI was trading at a 32.10% premium to its liquidation preference amount, vers...