Gilbert & Cook Inc. Reduces Stake in American Finance Trust Inc (NASDAQ:AFIN)

Gilbert & Cook Inc. lessened its holdings in shares of American Finance Trust Inc (NASDAQ:AFIN) by 7.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 39,176 shares of the company’s stock after selling 3,267 shares during the quarter. Gilbert & Cook Inc.’s holdings in American Finance Trust were worth $547,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Coastal Investment Advisors Inc. raised its position in shares of American Finance Trust by 0.5% during the 3rd quarter. Coastal Investment Advisors Inc. now owns 162,437 shares of the company’s stock worth $2,267,000 after purchasing an additional 857 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of American Finance Trust by 7.8% in the third quarter. SeaCrest Wealth Management LLC now owns 13,826 shares of the company’s stock valued at $193,000 after purchasing an additional 997 shares during the period. Winslow Evans & Crocker Inc. boosted its stake in shares of American Finance Trust by 17.7% in the second quarter. Winslow Evans & Crocker Inc. now owns 7,260 shares of the company’s stock valued at $82,000 after purchasing an additional 1,094 shares during the period. Asset Dedication LLC boosted its stake in shares of American Finance Trust by 75.0% in the second quarter. Asset Dedication LLC now owns 3,693 shares of the company’s stock valued at $40,000 after purchasing an additional 1,583 shares during the period. Finally, Kovack Advisors Inc. boosted its stake in shares of American Finance Trust by 8.4% in the third quarter. Kovack Advisors Inc. now owns 22,208 shares of the company’s stock valued at $310,000 after purchasing an additional 1,714 shares during the period. Institutional investors and hedge funds own 33.55% of the company’s stock.

In other American Finance Trust news, Director Lisa Kabnick acquired 14,310 shares of American Finance Trust stock in a transaction dated Monday, September 30th. The stock was bought at an average price of $13.91 per share, for a total transaction of $199,052.10.

Shares of AFIN stock traded down $0.11 on Friday, hitting $14.77. The stock had a trading volume of 1,210,000 shares, compared to its average volume of 705,597. 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 stock’s 50 day moving average is $14.25 and its 200-day moving average is $12.01. American Finance Trust Inc has a 52-week low of $9.36 and a 52-week high of $15.09.

The firm also recently disclosed a dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be given a dividend of $0.0917 per share. The ex-dividend date is Thursday, November 7th.

Several brokerages have recently weighed in on AFIN. B. Riley began coverage on shares of American Finance Trust in a research note on Monday, September 16th. They issued a “neutral” rating and a $14.00 target price for the company. ValuEngine downgraded shares of American Finance Trust from a “hold” rating to a “sell” rating in a research note on Friday. TheStreet upgraded shares of American Finance Trust from a “d+” rating to a “c-” rating in a research note on Tuesday, September 10th. Finally, DA Davidson restated a “neutral” rating on shares of American Finance Trust in a research note 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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