iStar Financial Series I Cumulative Redeemable Preferred Stock Shares Cross 8% Yield Mark

In trading on Wednesday, shares of iStar Financial Inc's 7.50% Series I Cumulative Redeemable Preferred Stock (NYSE: SFI.PRI) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $23.26 on the day. This compares to an average yield of 6.62% in the "REITs" preferred stock category, according to Preferred Stock Channel. As of last close, SFI.PRI was trading at a 5.04% discount to its liquidation preference amount, versus the a...