Mission Wealth Management LP bought a new position in shares of American Finance Trust Inc (NASDAQ:AFIN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 23,139 shares of the company’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of American Finance Trust by 26.5% during the first quarter. BlackRock Inc. now owns 1,272,129 shares of the company’s stock worth $13,738,000 after acquiring an additional 266,143 shares during the last quarter. First Allied Advisory Services Inc. increased its position in shares of American Finance Trust by 36.7% during the first quarter. First Allied Advisory Services Inc. now owns 634,471 shares of the company’s stock worth $6,852,000 after acquiring an additional 170,473 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of American Finance Trust by 35.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 524,226 shares of the company’s stock worth $5,662,000 after acquiring an additional 137,781 shares during the last quarter. Advisor Group Inc. increased its position in shares of American Finance Trust by 7.6% during the first quarter. Advisor Group Inc. now owns 427,747 shares of the company’s stock worth $4,620,000 after acquiring an additional 30,144 shares during the last quarter. Finally, Sawtooth Solutions LLC increased its position in shares of American Finance Trust by 70.5% during the first quarter. Sawtooth Solutions LLC now owns 416,324 shares of the company’s stock worth $4,496,000 after acquiring an additional 172,108 shares during the last quarter. 23.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Finance Trust stock opened at $10.77 on Friday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.28. American Finance Trust Inc has a fifty-two week low of $9.36 and a fifty-two week high of $18.50.

American Finance Trust (NASDAQ:AFIN) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The firm 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 company also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued a $0.0917 dividend. This represents a $1.10 annualized dividend and a yield of 10.21%. The ex-dividend date is Friday, June 7th.

In other news, Director Lisa Kabnick acquired 100,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average cost of $10.43 per share, with a total value of $1,043,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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