Zurcher Kantonalbank Zurich Cantonalbank raised its stake in American Finance Trust Inc (NASDAQ:AFIN) by 46.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,819 shares of the company’s stock after purchasing an additional 2,176 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Finance Trust were worth $74,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hanson McClain Inc. boosted its holdings in American Finance Trust by 78.5% during the first quarter. Hanson McClain Inc. now owns 2,701 shares of the company’s stock worth $29,000 after purchasing an additional 1,188 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in American Finance Trust during the fourth quarter worth about $38,000. Nisa Investment Advisors LLC purchased a new position in American Finance Trust during the first quarter worth about $40,000. Asset Dedication LLC boosted its holdings in American Finance Trust by 75.0% during the second quarter. Asset Dedication LLC now owns 3,693 shares of the company’s stock worth $40,000 after purchasing an additional 1,583 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in American Finance Trust by 131.1% during the first quarter. BNP Paribas Arbitrage SA now owns 3,964 shares of the company’s stock worth $43,000 after purchasing an additional 2,249 shares during the last quarter. 28.83% of the stock is owned by hedge funds and other institutional investors.

American Finance Trust stock traded up $0.03 during midday trading on Thursday, hitting $12.13. 135,553 shares of the stock were exchanged, compared to its average volume of 442,039. American Finance Trust Inc has a 52-week low of $9.36 and a 52-week high of $18.50. The business’s 50-day moving average price is $11.69 and its 200-day moving average price is $10.98. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.17.

The company also recently declared a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 8th were issued a dividend of $0.0917 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This is a boost from American Finance Trust’s previous dividend of $0.04.

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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