Strs Ohio raised its position in American Finance Trust Inc (NASDAQ:AFIN) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,993 shares of the company’s stock after purchasing an additional 2,861 shares during the quarter. Strs Ohio owned 0.16% of American Finance Trust worth $1,356,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its holdings in shares of American Finance Trust by 651.6% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 9,470 shares of the company’s stock worth $75,000 after purchasing an additional 8,210 shares during the period. CWM LLC raised its holdings in shares of American Finance Trust by 428.3% in the 2nd quarter. CWM LLC now owns 15,705 shares of the company’s stock worth $125,000 after purchasing an additional 12,732 shares during the period. SG Americas Securities LLC raised its holdings in shares of American Finance Trust by 75.7% in the 2nd quarter. SG Americas Securities LLC now owns 87,983 shares of the company’s stock worth $698,000 after purchasing an additional 37,914 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in shares of American Finance Trust by 52.0% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 54,562 shares of the company’s stock worth $433,000 after purchasing an additional 18,662 shares during the period. Finally, Pennsylvania Capital Management Inc. ADV purchased a new position in shares of American Finance Trust in the 2nd quarter worth about $147,000. Institutional investors own 47.07% of the company’s stock.
AFIN has been the topic of a number of research reports. Zacks Investment Research upgraded American Finance Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 8th. B. Riley lowered their price objective on shares of American Finance Trust from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, May 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. American Finance Trust has a consensus rating of “Hold” and an average target price of $14.00.
Shares of AFIN stock opened at $7.31 on Friday. The company has a market capitalization of $792.41 million, a PE ratio of 7.38 and a beta of 1.35. The firm has a fifty day simple moving average of $7.69 and a 200-day simple moving average of $8.85. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.30. American Finance Trust Inc has a twelve month low of $4.20 and a twelve month high of $15.18.
The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 8th will be paid a $0.0708 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.85 annualized dividend and a dividend yield of 11.64%. American Finance Trust’s dividend payout ratio (DPR) is presently 85.86%.
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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