Insider Buying: American Finance Trust Inc (AFIN) Director Buys 100,000 Shares of Stock

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.

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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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