American Finance Trust Inc (NASDAQ:AFIN) Director Lisa Kabnick acquired 100,000 shares of American Finance Trust stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average cost of $10.43 per share, with a total value of $1,043,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
AFIN stock opened at $10.73 on Wednesday. American Finance Trust Inc has a twelve month low of $9.36 and a twelve month high of $18.50. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.28.
American Finance Trust (NASDAQ:AFIN) last posted its earnings results on Wednesday, May 8th. The company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The business had revenue of $71.54 million during the quarter. American Finance Trust had a negative return on equity of 3.43% and a negative net margin of 19.15%.
The firm also recently announced a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a $0.0917 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 10.25%. The ex-dividend date of this dividend is Friday, June 7th.
Institutional investors have recently bought and sold shares of the business. Capital Investment Advisory Services LLC bought a new stake in shares of American Finance Trust in the 4th quarter worth $25,000. Private Ocean LLC bought a new stake in shares of American Finance Trust in the 4th quarter worth $26,000. CWM LLC bought a new stake in shares of American Finance Trust in the 4th quarter worth $30,000. Ruggie Capital Group bought a new stake in shares of American Finance Trust in the 4th quarter worth $30,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of American Finance Trust by 51.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,581 shares of the company’s stock worth $34,000 after purchasing an additional 876 shares in the last quarter. 15.64% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Insider Buying: American Finance Trust Inc (AFIN) Director Buys 100,000 Shares of Stock” was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.thelincolnianonline.com/2019/05/15/insider-buying-american-finance-trust-inc-afin-director-buys-100000-shares-of-stock.html.
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.
Featured Article: Are sell-side analysts objective?
Receive News & Ratings for American Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter.