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NorthStar Realty Finance's Series E Preferred Stock Shares Cross 11.5% Yield Mark

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Shutterstock photo

Shutterstock photo

In trading on Friday, shares of NorthStar Realty Finance Corp's 8.75% Series E Cumulative Redeemable Preferred Stock (Symbol: NRF.PRE) were yielding above the 11.5% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $18.96 on the day. This compares to an average yield of 9.33% in the "REITs" preferred stock category, according to Preferred Stock Channel . As of last close, NRF.PRE was trading at a 23.84% discount to its liquidation preference amount, versus the average discount of 15.17% in the "REITs" category.

The chart below shows the one year performance of NRF.PRE shares, versus NRF:

Performance Comparison Chart

Below is a dividend history chart for NRF.PRE, showing historical dividend payments on NorthStar Realty Finance Corp's 8.75% Series E Cumulative Redeemable Preferred Stock:

NRF.PRE+Dividend+History+Chart

In Friday trading, NorthStar Realty Finance Corp's 8.75% Series E Cumulative Redeemable Preferred Stock (Symbol: NRF.PRE) is currently up about 0.2% on the day, while the common shares (Symbol: NRF) are off about 3%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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