Teachers Insurance & Annuity Association of America purchased a new stake in American Finance Trust Inc (NASDAQ:AFIN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 60,333 shares of the company’s stock, valued at approximately $921,000. Teachers Insurance & Annuity Association of America owned about 0.06% of American Finance Trust as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sawtooth Solutions LLC bought a new position in American Finance Trust during the 3rd quarter worth $198,000. National Asset Management Inc. bought a new position in American Finance Trust during the 3rd quarter worth $214,000. Kovack Advisors Inc. bought a new position in American Finance Trust during the 3rd quarter worth $219,000. Cantor Fitzgerald Investment Adviser L.P. bought a new position in American Finance Trust during the 3rd quarter worth $232,000. Finally, Gradient Investments LLC bought a new position in American Finance Trust during the 3rd quarter worth $241,000. Institutional investors own 2.62% of the company’s stock.
Shares of American Finance Trust stock opened at $13.77 on Thursday. 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 $12.00 and a 1-year high of $18.50.
The firm also recently declared a monthly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 10th will be issued a dividend of $0.0917 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $1.10 dividend on an annualized basis and a yield of 7.99%.
In other American Finance Trust news, Director Lisa Kabnick purchased 5,000 shares of the firm’s stock in a transaction on Friday, September 28th. The stock was purchased at an average cost of $15.07 per share, for a total transaction of $75,350.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edward M. Jr. Weil purchased 4,986 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were acquired at an average price of $15.08 per share, with a total value of $75,188.88. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 11,636 shares of company stock valued at $175,404.
Separately, BMO Capital Markets initiated coverage on American Finance Trust in a research report on Tuesday, September 18th. They set a “market perform” rating and a $17.00 target price for the company.
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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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