American Finance Trust Inc (NASDAQ:AFIN) Shares Sold by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV lessened its position in shares of American Finance Trust Inc (NASDAQ:AFIN) by 55.5% in the third quarter, Holdings Channel.com reports. The fund owned 3,801 shares of the company’s stock after selling 4,741 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in American Finance Trust were worth $53,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in American Finance Trust by 53.2% during the second quarter. Vanguard Group Inc. now owns 12,740,352 shares of the company’s stock valued at $138,870,000 after acquiring an additional 4,424,487 shares during the period. BlackRock Inc. grew its position in American Finance Trust by 422.2% during the second quarter. BlackRock Inc. now owns 6,643,094 shares of the company’s stock valued at $72,409,000 after acquiring an additional 5,370,965 shares during the period. First Allied Advisory Services Inc. grew its position in American Finance Trust by 8.1% during the second quarter. First Allied Advisory Services Inc. now owns 685,791 shares of the company’s stock valued at $7,475,000 after acquiring an additional 51,320 shares during the period. Bank of New York Mellon Corp grew its position in American Finance Trust by 88.8% during the second quarter. Bank of New York Mellon Corp now owns 674,651 shares of the company’s stock valued at $7,354,000 after acquiring an additional 317,409 shares during the period. Finally, AE Wealth Management LLC grew its position in American Finance Trust by 27.2% during the second quarter. AE Wealth Management LLC now owns 527,810 shares of the company’s stock valued at $5,753,000 after acquiring an additional 113,013 shares during the period. 33.15% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Lisa Kabnick bought 14,310 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was bought at an average price of $13.91 per share, with a total value of $199,052.10.

AFIN stock opened at $14.49 on Friday. The stock has a 50-day moving average price of $13.67 and a two-hundred day moving average price of $11.66. American Finance Trust Inc has a 12-month low of $9.36 and a 12-month high of $14.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.11 and a quick ratio of 0.11.

The business also recently announced a monthly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, October 11th were given a $0.092 dividend. This represents a $1.10 annualized dividend and a dividend yield of 7.62%. The ex-dividend date was Thursday, October 10th.

AFIN has been the subject of a number of research reports. B. Riley initiated coverage on American Finance Trust in a research report on Monday, September 16th. They set a “neutral” rating and a $14.00 price target for the company. TheStreet raised American Finance Trust from a “d+” rating to a “c-” rating in a research report on Tuesday, September 10th. Finally, DA Davidson reissued a “neutral” rating on shares of American Finance Trust in a research report on Thursday, October 3rd.

About American Finance Trust

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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Institutional Ownership by Quarter for American Finance Trust (NASDAQ:AFIN)

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