Commonwealth Equity Services LLC Purchases Shares of 55,601 American Finance Trust Inc (AFIN)

Commonwealth Equity Services LLC purchased a new stake in American Finance Trust Inc (NASDAQ:AFIN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 55,601 shares of the company’s stock, valued at approximately $848,000.

Several other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of American Finance Trust in the 3rd quarter valued at approximately $3,849,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of American Finance Trust during the 3rd quarter worth approximately $2,266,000. Wagner Wealth Management LLC purchased a new position in shares of American Finance Trust during the 3rd quarter worth approximately $1,515,000. Milestone Group Inc. purchased a new position in shares of American Finance Trust during the 3rd quarter worth approximately $1,173,000. Finally, Strs Ohio purchased a new position in shares of American Finance Trust during the 3rd quarter worth approximately $1,130,000. 7.31% of the stock is owned by institutional investors and hedge funds.

NASDAQ:AFIN opened at $13.58 on Tuesday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.16. American Finance Trust Inc has a fifty-two week low of $12.00 and a fifty-two week high of $18.50.

American Finance Trust (NASDAQ:AFIN) last posted its quarterly earnings data on Tuesday, November 6th. The company reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.20). The company had revenue of $74.89 million for the quarter. American Finance Trust had a negative return on equity of 2.55% and a negative net margin of 15.01%.

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 10th will be given a dividend of $0.0917 per share. The ex-dividend date is Friday, December 7th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 8.10%.

Separately, BMO Capital Markets initiated coverage on shares of American Finance Trust in a research report on Tuesday, September 18th. They set a “market perform” rating and a $17.00 price objective for the company.

In related news, Director Lisa Kabnick acquired 5,000 shares of the stock in a transaction that occurred on Friday, September 28th. The stock was purchased at an average price of $15.07 per share, with a total value of $75,350.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Edward M. Jr. Weil acquired 4,986 shares of the stock in a transaction that occurred on Thursday, September 27th. The shares were bought at an average cost of $15.08 per share, with a total value of $75,188.88. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,636 shares of company stock valued at $175,404 in the last ninety days.

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

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