Fisher Asset Management LLC acquired a new position in shares of American Finance Trust Inc (NASDAQ:AFIN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,614 shares of the company’s stock, valued at approximately $288,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sanctuary Wealth Management L.L.C. purchased a new position in shares of American Finance Trust during the 3rd quarter worth approximately $2,266,000. First Foundation Advisors purchased a new stake in American Finance Trust in the 3rd quarter worth approximately $465,000. State of Alaska Department of Revenue grew its stake in American Finance Trust by 10.9% in the 4th quarter. State of Alaska Department of Revenue now owns 17,642 shares of the company’s stock worth $234,000 after acquiring an additional 1,738 shares during the period. Keel Point LLC purchased a new stake in American Finance Trust in the 3rd quarter worth approximately $521,000. Finally, Koshinski Asset Management Inc. purchased a new stake in American Finance Trust in the 3rd quarter worth approximately $457,000. 7.56% of the stock is owned by institutional investors and hedge funds.

AFIN stock opened at $12.78 on Friday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.16. American Finance Trust Inc has a one year low of $12.00 and a one year high of $18.50.

American Finance Trust (NASDAQ:AFIN) last released its earnings results on Tuesday, November 6th. The company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.20). The firm had revenue of $74.89 million during the quarter. American Finance Trust had a negative return on equity of 2.55% and a negative net margin of 15.01%.

The company also recently announced a monthly dividend, which was paid on Wednesday, January 16th. Shareholders of record on Monday, January 14th were paid a $0.0917 dividend. The ex-dividend date of this dividend was Friday, January 11th. This represents a $1.10 annualized dividend and a yield of 8.61%.

In other news, CEO Edward M. Jr. Weil bought 1,934 shares of the stock in a transaction on Friday, January 11th. The stock was purchased at an average cost of $12.93 per share, with a total value of $25,006.62. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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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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