Vanguard Group Inc. bought a new position in shares of American Finance Trust Inc (NASDAQ:AFIN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,242,039 shares of the company’s stock, valued at approximately $34,214,000. Vanguard Group Inc. owned 2.11% of American Finance Trust as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. First Heartland Consultants Inc. purchased a new position in American Finance Trust in the third quarter valued at $270,000. Koshinski Asset Management Inc. acquired a new position in American Finance Trust in the 3rd quarter valued at about $457,000. IndexIQ Advisors LLC acquired a new position in shares of American Finance Trust in the 3rd quarter worth approximately $724,000. Great Lakes Advisors LLC acquired a new position in shares of American Finance Trust in the 3rd quarter worth approximately $501,000. Finally, Lucia Wealth Services LLC acquired a new position in shares of American Finance Trust in the 3rd quarter worth approximately $142,000. 8.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of AFIN stock traded down $0.04 during trading hours on Tuesday, hitting $10.99. The company had a trading volume of 1,100 shares, compared to its average volume of 440,475. American Finance Trust Inc has a fifty-two week low of $10.86 and a fifty-two week high of $18.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.06 and a current ratio of 0.06.
The company also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 8th will be given a $0.0917 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 10.01%. The ex-dividend date is Thursday, March 7th.
In other news, CEO Edward M. Jr. Weil acquired 1,934 shares of the company’s stock in a transaction on Friday, January 11th. The shares were bought at an average cost of $12.93 per share, with a total value of $25,006.62. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
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American Finance Trust Company 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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