Gradient Investments LLC Sells 1,121 Shares of American Finance Trust Inc (NASDAQ:AFIN)

Gradient Investments LLC reduced its stake in American Finance Trust Inc (NASDAQ:AFIN) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,801 shares of the company’s stock after selling 1,121 shares during the period. Gradient Investments LLC’s holdings in American Finance Trust were worth $402,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Annex Advisory Services LLC bought a new position in shares of American Finance Trust in the second quarter worth $174,000. Asset Dedication LLC boosted its holdings 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 worth $40,000 after acquiring an additional 1,583 shares during the period. LPL Financial LLC boosted its holdings in shares of American Finance Trust by 10.3% in the second quarter. LPL Financial LLC now owns 172,950 shares of the company’s stock worth $1,885,000 after acquiring an additional 16,162 shares during the period. BB&T Securities LLC boosted its holdings in shares of American Finance Trust by 7.6% in the second quarter. BB&T Securities LLC now owns 141,525 shares of the company’s stock worth $1,542,000 after acquiring an additional 9,960 shares during the period. Finally, National Asset Management Inc. boosted its holdings in shares of American Finance Trust by 14.6% in the second quarter. National Asset Management Inc. now owns 138,496 shares of the company’s stock worth $1,510,000 after acquiring an additional 17,697 shares during the period. 33.24% of the stock is owned by hedge funds and other institutional investors.

Shares of AFIN stock opened at $13.85 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.17. American Finance Trust Inc has a 52-week low of $9.36 and a 52-week high of $14.74. The business’s fifty day moving average is $13.06 and its 200 day moving average is $11.44.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, October 11th will be given a $0.092 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.97%.

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

A number of equities research analysts recently issued reports on AFIN shares. B. Riley started coverage on American Finance Trust in a research report on Monday, September 16th. They issued a “neutral” rating and a $14.00 price objective on the stock. DA Davidson reiterated a “neutral” rating on shares of American Finance Trust in a research report on Thursday, October 3rd. Finally, TheStreet upgraded American Finance Trust from a “d+” rating to a “c-” rating in a research report on Tuesday, September 10th.

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

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