Cubist Systematic Strategies LLC lessened its holdings in American Finance Trust Inc (NASDAQ:AFIN) by 50.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 21,638 shares of the company’s stock after selling 21,717 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in American Finance Trust were worth $236,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Massmutual Trust Co. FSB ADV purchased a new stake in American Finance Trust in the 2nd quarter worth $239,000. Vanguard Group Inc. increased its stake in American Finance Trust by 53.2% in the 2nd quarter. Vanguard Group Inc. now owns 12,740,352 shares of the company’s stock worth $138,870,000 after buying an additional 4,424,487 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in American Finance Trust in the 2nd quarter worth $440,000. BlackRock Inc. increased its stake in American Finance Trust by 422.2% in the 2nd quarter. BlackRock Inc. now owns 6,643,094 shares of the company’s stock worth $72,409,000 after buying an additional 5,370,965 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in American Finance Trust by 2.1% in the 2nd quarter. HighTower Advisors LLC now owns 387,569 shares of the company’s stock worth $4,225,000 after buying an additional 7,976 shares in the last quarter. Institutional investors and hedge funds own 33.21% of the company’s stock.
In related news, Director Lisa Kabnick acquired 14,310 shares of the company’s stock in a transaction on Monday, September 30th. The stock was acquired at an average price of $13.91 per share, with a total value of $199,052.10.
AFIN opened at $13.88 on Tuesday. The firm has a 50-day simple moving average of $13.18 and a two-hundred day simple moving average of $11.48. American Finance Trust Inc has a 52 week low of $9.36 and a 52 week high of $14.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.11 and a quick ratio of 0.11.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, October 11th will be issued a dividend of $0.092 per share. This represents a $1.10 annualized dividend and a dividend yield of 7.95%. The ex-dividend date of this dividend is Thursday, October 10th.
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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