Focused Wealth Management Inc lowered its holdings in American Finance Trust Inc (NASDAQ:AFIN) by 87.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,012 shares of the company’s stock after selling 20,128 shares during the quarter. Focused Wealth Management Inc’s holdings in American Finance Trust were worth $42,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Prime Capital Investment Advisors LLC purchased a new stake in American Finance Trust during the 3rd quarter valued at $226,000. SG Americas Securities LLC purchased a new stake in American Finance Trust during the 3rd quarter valued at $185,000. First Trust Advisors LP purchased a new stake in American Finance Trust during the 3rd quarter valued at $325,000. Daiwa Securities Group Inc. boosted its position in American Finance Trust by 115.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 18,300 shares of the company’s stock valued at $255,000 after buying an additional 9,800 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in American Finance Trust by 582.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 89,600 shares of the company’s stock valued at $1,251,000 after buying an additional 76,473 shares during the period. 33.89% of the stock is currently owned by institutional investors.
NASDAQ AFIN traded up $0.01 during trading on Wednesday, hitting $14.66. The company had a trading volume of 21,295 shares, compared to its average volume of 703,873. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.20. American Finance Trust Inc has a one year low of $9.36 and a one year high of $15.18. The company’s fifty day moving average is $14.31 and its 200-day moving average is $12.09.
In related news, Director Lisa Kabnick acquired 14,310 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was acquired at an average cost of $13.91 per share, for a total transaction of $199,052.10.
Several brokerages have weighed in on AFIN. DA Davidson reissued a “neutral” rating on shares of American Finance Trust in a research report on Thursday, October 3rd. TheStreet raised shares of American Finance Trust from a “d+” rating to a “c-” rating in a research report on Tuesday, September 10th. ValuEngine cut shares of American Finance Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Finally, B. Riley began coverage on shares of American Finance Trust in a research report on Monday, September 16th. They set a “neutral” rating and a $14.00 price target for the company.
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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