REIT Preferred Is Overlooked. Yields Range From 6% to 8%.

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%.