American Finance Trust, Inc. (NASDAQ:AFIN) to Issue Quarterly Dividend of $0.21

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American Finance Trust, Inc. (NASDAQ:AFIN) announced a quarterly dividend on Thursday, April 1st, Zacks reports. Investors of record on Monday, April 12th will be given a dividend of 0.213 per share on Thursday, April 15th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date is Friday, April 9th.

American Finance Trust has a payout ratio of -425.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect American Finance Trust to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.85 annual dividend with an expected future payout ratio of 83.3%.

NASDAQ:AFIN opened at $9.74 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.11 and a current ratio of 0.11. American Finance Trust has a 52-week low of $5.40 and a 52-week high of $10.69. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -24.97 and a beta of 1.37. The business’s fifty day moving average is $9.62 and its 200 day moving average is $7.81.

A number of analysts recently issued reports on AFIN shares. BMO Capital Markets reiterated a “hold” rating and set a $13.00 price objective on shares of American Finance Trust in a research note on Wednesday, January 27th. Zacks Investment Research lowered American Finance Trust from a “hold” rating to a “sell” rating in a research note on Friday, February 26th. Finally, B. Riley boosted their price objective on American Finance Trust from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Monday, March 1st.

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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Dividend History for American Finance Trust (NASDAQ:AFIN)

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