RPT - Non-Callable RPT Realty Preferred 7.3% Yield With $8 Upside Potential
- RPT Realty's Preferred D stock (RPT-D) is not callable and therefore has the potential for a very large move higher in its stock price.
- RPT-D trades $8.00 per share below where it traded last January while other preferred stocks in the same sector have rallied back much further and even to new highs.
- RPT-D has a high current yield relative to its peers with the same credit rating. It is quite undervalued on this basis.
- We have seen the fixed-income laggards exploding in price since the beginning of November and believe RPT-D is one of the best places to play this trend.
For further details see:
Non-Callable RPT Realty Preferred, 7.3% Yield With $8 Upside Potential