American Finance Trust's Series A Preferred Stock Crosses Above 7.5% Yield Territory

In trading on Thursday, shares of American Finance Trust Inc's 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock (AFINP) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $24.88 on the day. This compares to an average yield of 6.22% in the "Real Estate" preferred stock category, according to Preferred Stock Channel..