Measured Wealth Private Client Group LLC lifted its position in shares of American Finance Trust Inc (NASDAQ:AFIN) by 46.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,410 shares of the company’s stock after purchasing an additional 8,979 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in American Finance Trust were worth $307,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc acquired a new stake in shares of American Finance Trust during the 3rd quarter worth approximately $34,214,000. Vanguard Group Inc. acquired a new stake in shares of American Finance Trust during the 3rd quarter worth approximately $34,214,000. BlackRock Inc. grew its stake in shares of American Finance Trust by 98.7% during the 4th quarter. BlackRock Inc. now owns 1,005,986 shares of the company’s stock worth $13,399,000 after purchasing an additional 499,770 shares during the period. First Allied Advisory Services Inc. grew its stake in shares of American Finance Trust by 36.7% during the 1st quarter. First Allied Advisory Services Inc. now owns 634,471 shares of the company’s stock worth $6,852,000 after purchasing an additional 170,473 shares during the period. Finally, Advisor Group Inc. grew its stake in shares of American Finance Trust by 42.6% during the 4th quarter. Advisor Group Inc. now owns 397,603 shares of the company’s stock worth $5,295,000 after purchasing an additional 118,708 shares during the period. 15.64% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Lisa Kabnick acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of $10.43 per share, with a total value of $1,043,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
American Finance Trust (NASDAQ:AFIN) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $71.54 million for the quarter. American Finance Trust had a negative net margin of 19.15% and a negative return on equity of 3.43%.
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.0917 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 9.33%.
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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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