American Finance Trust Inc (NASDAQ:AFIN) Stake Cut by AE Wealth Management LLC

AE Wealth Management LLC cut its holdings in American Finance Trust Inc (NASDAQ:AFIN) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 514,289 shares of the company’s stock after selling 13,521 shares during the period. AE Wealth Management LLC owned about 0.48% of American Finance Trust worth $7,179,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AFIN. Asset Dedication LLC boosted its position in shares of American Finance Trust by 75.0% in the 2nd quarter. Asset Dedication LLC now owns 3,693 shares of the company’s stock worth $40,000 after buying an additional 1,583 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in American Finance Trust in the 3rd quarter valued at about $56,000. Quantamental Technologies LLC purchased a new position in American Finance Trust in the 2nd quarter valued at about $59,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in American Finance Trust by 46.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,819 shares of the company’s stock valued at $74,000 after purchasing an additional 2,176 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. lifted its holdings in American Finance Trust by 17.7% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 7,260 shares of the company’s stock valued at $82,000 after purchasing an additional 1,094 shares in the last quarter. Institutional investors and hedge funds own 44.36% of the company’s stock.

In related news, Director Lisa Kabnick acquired 14,310 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was bought at an average price of $13.91 per share, with a total value of $199,052.10.

Shares of NASDAQ AFIN traded down $0.01 on Wednesday, reaching $14.56. 326,645 shares of the company traded hands, compared to its average volume of 691,916. 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 50 day moving average of $14.69 and a 200 day moving average of $12.61. 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 business also recently disclosed a dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.0917 per share. The ex-dividend date is Friday, December 6th.

A number of research analysts have issued reports on the stock. ValuEngine upgraded shares of American Finance Trust from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Zacks Investment Research lowered shares of American Finance Trust from a “buy” rating to a “hold” rating in a report on Tuesday. B. Riley assumed 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 on the stock. DA Davidson restated a “neutral” rating on shares of American Finance Trust in a report on Thursday, October 3rd. Finally, TheStreet upgraded shares of American Finance Trust from a “d+” rating to a “c-” rating in a report on Tuesday, September 10th. Four analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $15.33.

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

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