Weather Gauge Advisory LLC lifted its stake in American Finance Trust Inc (NASDAQ:AFIN) by 35.1% during the first quarter, HoldingsChannel reports. The fund owned 18,477 shares of the company’s stock after acquiring an additional 4,801 shares during the quarter. Weather Gauge Advisory LLC’s holdings in American Finance Trust were worth $200,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN bought a new position in American Finance Trust in the 3rd quarter worth approximately $345,000. Bank of New York Mellon Corp bought a new position in American Finance Trust in the 3rd quarter worth approximately $515,000. BlackRock Inc. bought a new position in American Finance Trust in the 3rd quarter worth approximately $7,725,000. First Republic Investment Management Inc. bought a new position in American Finance Trust in the 3rd quarter worth approximately $289,000. Finally, LPL Financial LLC bought a new position in American Finance Trust in the 3rd quarter worth approximately $1,103,000. 15.10% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ AFIN traded down $0.14 during trading on Monday, hitting $10.02. The company’s stock had a trading volume of 399,768 shares, compared to its average volume of 441,891. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.20. American Finance Trust Inc has a 52 week low of $10.01 and a 52 week high of $18.50.

American Finance Trust (NASDAQ:AFIN) last issued its quarterly earnings results on Wednesday, March 6th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.07). The business had revenue of $75.09 million during the quarter. American Finance Trust had a negative return on equity of 2.25% and a negative net margin of 12.85%.

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a dividend of $0.0917 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 10.98%. The ex-dividend date of this dividend is Friday, June 7th.

COPYRIGHT VIOLATION WARNING: “American Finance Trust Inc (AFIN) Position Lifted by Weather Gauge Advisory LLC” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2019/04/15/american-finance-trust-inc-afin-position-lifted-by-weather-gauge-advisory-llc.html.

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.

Further Reading: Marijuana Stocks Future Looks Bright

Want to see what other hedge funds are holding AFIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Finance Trust Inc (NASDAQ:AFIN).

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

Receive News & Ratings for American Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter.