Vanguard Group Inc. Takes Position in American Finance Trust Inc (AFIN)

Vanguard Group Inc. bought a new stake in American Finance Trust Inc (NASDAQ:AFIN) in the third quarter, according to the company in its most …

American Finance Trust logoVanguard Group Inc. bought a new stake in American Finance Trust Inc (NASDAQ:AFIN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,242,039 shares of the company’s stock, valued at approximately $34,214,000. Vanguard Group Inc. owned about 2.11% of American Finance Trust at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in American Finance Trust during the third quarter worth about $242,000. Strs Ohio acquired a new stake in American Finance Trust during the third quarter valued at approximately $1,130,000. Milestone Group Inc. acquired a new stake in American Finance Trust during the third quarter valued at approximately $1,173,000. Sanctuary Wealth Management L.L.C. acquired a new stake in American Finance Trust during the third quarter valued at approximately $2,266,000. Finally, Creative Planning acquired a new stake in American Finance Trust during the third quarter valued at approximately $383,000. Institutional investors own 8.06% of the company’s stock.

In other news, CEO Edward M. Jr. Weil bought 1,934 shares of the business’s stock in a transaction dated Friday, January 11th. The stock was bought at an average price of $12.93 per share, for a total transaction of $25,006.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ AFIN traded down $0.06 during trading on Tuesday, reaching $11.78. 45,591 shares of the company traded hands, compared to its average volume of 378,821. 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 1-year low of $11.70 and a 1-year high of $18.50.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, January 16th. Shareholders of record on Monday, January 14th were issued a dividend of $0.0917 per share. This represents a $1.10 dividend on an annualized basis and a yield of 9.34%. The ex-dividend date of this dividend was Friday, January 11th.

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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.

Further Reading: How Do Mutual Funds Work?

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

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