American Finance Trust Inc (NASDAQ:AFIN) shares traded up 5.1% during mid-day trading on Monday . The company traded as high as $12.44 and last traded at $12.41, 963,173 shares changed hands during trading. An increase of 49% from the average session volume of 646,655 shares. The stock had previously closed at $11.81.

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 firm’s 50 day simple moving average is $11.95 and its 200 day simple moving average is $11.02.

The firm also recently disclosed a dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 9th will be issued a $0.0917 dividend. The ex-dividend date is Friday, September 6th.

Several large investors have recently added to or reduced their stakes in AFIN. Bank of America Corp DE lifted its position in American Finance Trust by 42.7% during the fourth quarter. Bank of America Corp DE now owns 56,628 shares of the company’s stock valued at $754,000 after purchasing an additional 16,949 shares during the period. Deutsche Bank AG acquired a new position in shares of American Finance Trust in the 4th quarter valued at $208,000. BNP Paribas Arbitrage SA lifted its stake in shares of American Finance Trust by 131.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,964 shares of the company’s stock valued at $43,000 after purchasing an additional 2,249 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of American Finance Trust in the 1st quarter valued at $50,000. Finally, Kovack Advisors Inc. boosted its holdings in American Finance Trust by 52.8% during the first quarter. Kovack Advisors Inc. now owns 24,221 shares of the company’s stock worth $262,000 after buying an additional 8,369 shares in the last quarter. Hedge funds and other institutional investors own 33.24% of the company’s stock.

About American Finance Trust (NASDAQ:AFIN)

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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