REIT Preferred is Overlooked and Offers 6% to 8% Yields

Higher rates are attracting more individual investors to the preferred stock market because yields have risen nearly two percentage points this year to a range of 6% to 8%.

Most investors focus on bank preferreds since financial companies such as

JPMorgan Chase

(ticker: JPM),

Bank of America

(BAC), and

Wells Fargo

(WFC) are the main issuers in the $350 billion market. The bank preferreds now yield around 6%.