GWM Advisors LLC Cuts Stock Holdings in American Finance Trust Inc (NASDAQ:AFIN)

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GWM Advisors LLC decreased its position in shares of American Finance Trust Inc (NASDAQ:AFIN) by 19.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,692 shares of the company’s stock after selling 9,088 shares during the quarter. GWM Advisors LLC’s holdings in American Finance Trust were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Hanson McClain Inc. grew its holdings in shares of American Finance Trust by 78.5% during the first quarter. Hanson McClain Inc. now owns 2,701 shares of the company’s stock valued at $29,000 after buying an additional 1,188 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in shares of American Finance Trust during the fourth quarter valued at approximately $38,000. Cullen Frost Bankers Inc. purchased a new stake in shares of American Finance Trust during the first quarter valued at approximately $71,000. Asset Dedication LLC grew its holdings in shares of American Finance Trust by 75.0% during the second quarter. Asset Dedication LLC now owns 3,693 shares of the company’s stock valued at $40,000 after buying an additional 1,583 shares during the last quarter. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of American Finance Trust during the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 28.83% of the company’s stock.

Shares of American Finance Trust stock opened at $12.07 on Friday. The company’s 50 day moving average is $11.71 and its 200 day moving average is $10.98. American Finance Trust Inc has a twelve month low of $9.36 and a twelve month high of $18.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.11 and a current ratio of 0.11.

The business also recently disclosed a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 8th were given a dividend of $0.0917 per share. This is an increase from American Finance Trust’s previous dividend of $0.04. The ex-dividend date was Wednesday, August 7th.

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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