SG Americas Securities LLC Acquires 19,720 Shares of American Finance Trust Inc (NASDAQ:AFIN)

SG Americas Securities LLC lifted its holdings in American Finance Trust Inc (NASDAQ:AFIN) by 148.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,975 shares of the company’s stock after acquiring an additional 19,720 shares during the period. SG Americas Securities LLC’s holdings in American Finance Trust were worth $437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Coastal Investment Advisors Inc. boosted its stake in American Finance Trust by 0.5% during the third quarter. Coastal Investment Advisors Inc. now owns 162,437 shares of the company’s stock valued at $2,267,000 after buying an additional 857 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in American Finance Trust by 7.8% during the third quarter. SeaCrest Wealth Management LLC now owns 13,826 shares of the company’s stock valued at $193,000 after buying an additional 997 shares during the last quarter. Kovack Advisors Inc. boosted its stake in American Finance Trust by 8.4% during the third quarter. Kovack Advisors Inc. now owns 22,208 shares of the company’s stock valued at $310,000 after buying an additional 1,714 shares during the last quarter. Salomon & Ludwin LLC bought a new position in American Finance Trust during the third quarter valued at approximately $27,000. Finally, California State Teachers Retirement System boosted its stake in American Finance Trust by 1.2% during the third quarter. California State Teachers Retirement System now owns 166,627 shares of the company’s stock valued at $2,326,000 after buying an additional 1,991 shares during the last quarter. 44.46% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on AFIN shares. Zacks Investment Research lowered American Finance Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. ValuEngine lowered American Finance Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. American Finance Trust presently has a consensus rating of “Hold” and an average price target of $15.33.

American Finance Trust stock traded up $0.05 during midday trading on Friday, reaching $13.51. 1,302 shares of the stock traded hands, compared to its average volume of 464,277. The stock’s fifty day moving average is $13.09 and its 200-day moving average is $13.42. American Finance Trust Inc has a 12 month low of $9.36 and a 12 month high of $15.18. The stock has a market cap of $1.44 billion, a P/E ratio of -112.33 and a beta of 0.15. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.20.

The company also recently declared a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be paid a dividend of $0.0917 per share. This represents a $1.10 dividend on an annualized basis and a yield of 8.14%. The ex-dividend date is Friday, March 6th.

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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