American Finance Trust Inc (NASDAQ:AFIN) Director Lisa Kabnick bought 14,310 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was bought at an average cost of $13.91 per share, for a total transaction of $199,052.10.
Shares of NASDAQ AFIN traded down $0.09 during mid-day trading on Monday, reaching $14.09. The company had a trading volume of 855,527 shares, compared to its average volume of 711,754. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.17. The firm has a 50 day simple moving average of $12.82 and a two-hundred day simple moving average of $11.33. American Finance Trust Inc has a 52-week low of $9.36 and a 52-week high of $15.00.
The business also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, October 11th will be given a $0.092 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend is Thursday, October 10th.
Several hedge funds and other institutional investors have recently bought and sold shares of AFIN. BNP Paribas Arbitrage SA grew its position in shares of American Finance Trust by 131.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,964 shares of the company’s stock valued at $43,000 after buying an additional 2,249 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in American Finance Trust by 176.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 20,969 shares of the company’s stock worth $227,000 after purchasing an additional 13,378 shares during the period. Citigroup Inc. boosted its stake in American Finance Trust by 1,156.4% during the 1st quarter. Citigroup Inc. now owns 179,220 shares of the company’s stock worth $1,936,000 after purchasing an additional 164,955 shares during the period. GWM Advisors LLC boosted its stake in American Finance Trust by 75.9% during the 1st quarter. GWM Advisors LLC now owns 45,780 shares of the company’s stock worth $494,000 after purchasing an additional 19,761 shares during the period. Finally, Mission Wealth Management LP acquired a new stake in American Finance Trust during the 1st quarter worth $250,000. 33.24% of the stock is currently owned by hedge funds and other institutional investors.
American Finance Trust Company Profile
American Finance Trust, Inc (Nasdaq: AFIN) is a publicly traded real estate investment trust listed on the Nasdaq focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S.
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