SG Americas Securities LLC Invests $185,000 in American Finance Trust Inc (NASDAQ:AFIN)

SG Americas Securities LLC acquired a new position in American Finance Trust Inc (NASDAQ:AFIN) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 13,255 shares of the company’s stock, valued at approximately $185,000.

Several other institutional investors and hedge funds have also made changes to their positions in AFIN. Nisa Investment Advisors LLC grew its stake in shares of American Finance Trust by 142.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,049 shares of the company’s stock worth $99,000 after purchasing an additional 5,309 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its holdings in shares of American Finance Trust by 17.7% in the second quarter. Winslow Evans & Crocker Inc. now owns 7,260 shares of the company’s stock worth $82,000 after buying an additional 1,094 shares during the period. 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 buying an additional 1,583 shares during the period. Strs Ohio boosted its holdings in shares of American Finance Trust by 125.2% in the second quarter. Strs Ohio now owns 159,028 shares of the company’s stock worth $1,733,000 after buying an additional 88,412 shares during the period. Finally, Foresight Wealth Management LLC boosted its holdings in shares of American Finance Trust by 5.6% in the second quarter. Foresight Wealth Management LLC now owns 94,650 shares of the company’s stock worth $1,032,000 after buying an additional 5,049 shares during the period. 44.36% of the stock is currently owned by institutional investors.

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

AFIN opened at $14.79 on Friday. American Finance Trust Inc has a fifty-two week low of $9.36 and a fifty-two week high of $15.18. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $14.61 and its two-hundred day moving average price is $12.51.

The company also recently announced a dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a $0.0917 dividend. The ex-dividend date was Thursday, November 7th.

AFIN has been the subject of several recent analyst reports. B. Riley initiated coverage on shares of American Finance Trust in a report on Monday, September 16th. They issued a “neutral” rating and a $14.00 target price for the company. Zacks Investment Research upgraded shares of American Finance Trust from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Friday, November 15th. DA Davidson reiterated a “neutral” rating on shares of American Finance Trust in a research note on Thursday, October 3rd. ValuEngine upgraded shares of American Finance Trust from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, TheStreet upgraded shares of American Finance Trust from a “d+” rating to a “c-” rating in a research note on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.33.

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

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