Milestone Group Inc. trimmed its holdings in shares of American Finance Trust Inc (NASDAQ:AFIN) by 52.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,074 shares of the company’s stock after selling 16,360 shares during the period. Milestone Group Inc.’s holdings in American Finance Trust were worth $163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of AFIN. Creative Financial Designs Inc. ADV raised its position in shares of American Finance Trust by 51.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,581 shares of the company’s stock valued at $34,000 after purchasing an additional 876 shares during the last quarter. Truewealth LLC raised its position in shares of American Finance Trust by 50.0% in the 4th quarter. Truewealth LLC now owns 3,745 shares of the company’s stock valued at $50,000 after purchasing an additional 1,248 shares during the last quarter. Kovack Advisors Inc. raised its position in American Finance Trust by 10.3% during the 4th quarter. Kovack Advisors Inc. now owns 15,852 shares of the company’s stock worth $211,000 after buying an additional 1,483 shares during the last quarter. Winslow Evans & Crocker Inc. raised its position in American Finance Trust by 37.4% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 6,166 shares of the company’s stock worth $68,000 after buying an additional 1,680 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in American Finance Trust by 10.9% during the 4th quarter. State of Alaska Department of Revenue now owns 17,642 shares of the company’s stock worth $234,000 after buying an additional 1,738 shares during the last quarter. Institutional investors own 17.88% of the company’s stock.
In related news, Director Lisa Kabnick purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average price of $10.43 per share, with a total value of $1,043,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
AFIN traded up $0.17 during trading on Friday, reaching $11.62. 641,663 shares of the company’s stock were exchanged, compared to its average volume of 521,431. American Finance Trust Inc has a 1 year low of $9.36 and a 1 year high of $18.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.14 and a quick ratio of 0.14.
American Finance Trust (NASDAQ:AFIN) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $71.54 million during 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 announced a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.0917 per share. This represents a $1.10 annualized dividend and a dividend yield of 9.47%. The ex-dividend date of this dividend is Friday, June 7th.
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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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