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AFINP - American Finance Trust: A Contrarian Play Returned 18% We're Now Moving To The 7.5% Preferred
American Finance Trust Inc. 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock
We first wrote about American Finance Trust (AFIN) within our premium service, The Income Strategist. At the time, the stock was on a steady decline, but we saw an opportunity to take advantage of a shift in strategy and the beginning of a momentum shift in the company. It was a contrarian play, to say the least, especially with the potential for a dividend cut.
In fact, most of the coverage of the stock was focused on the preferred, not the common. Fast forward a few months and the common is up 18% while the