American Finance Trust Inc (NASDAQ:AFIN) is Sanctuary Wealth Management L.L.C.’s 9th Largest Position

Sanctuary Wealth Management L.L.C. raised its stake in American Finance Trust Inc (NASDAQ:AFIN) by 14.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 255,321 shares of the company’s stock after buying an additional 31,519 shares during the period. American Finance Trust accounts for approximately 2.6% of Sanctuary Wealth Management L.L.C.’s investment portfolio, making the stock its 9th largest position. Sanctuary Wealth Management L.L.C.’s holdings in American Finance Trust were worth $2,783,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in shares of American Finance Trust by 915.4% during the 4th quarter. Bank of New York Mellon Corp now owns 343,018 shares of the company’s stock worth $4,569,000 after purchasing an additional 309,237 shares during the period. Truewealth LLC grew its holdings in shares of American Finance Trust by 33.3% during the 1st quarter. Truewealth LLC now owns 4,993 shares of the company’s stock worth $54,000 after purchasing an additional 1,248 shares during the period. Cetera Advisors LLC grew its holdings in shares of American Finance Trust by 51.2% during the 1st quarter. Cetera Advisors LLC now owns 165,238 shares of the company’s stock worth $1,785,000 after purchasing an additional 55,920 shares during the period. Wealth & Pension Services Group Inc. grew its holdings in shares of American Finance Trust by 32.3% during the 1st quarter. Wealth & Pension Services Group Inc. now owns 16,902 shares of the company’s stock worth $183,000 after purchasing an additional 4,123 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of American Finance Trust by 135.2% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 6,070 shares of the company’s stock worth $66,000 after purchasing an additional 3,489 shares during the period. Institutional investors own 23.75% of the company’s stock.

In other news, Director Lisa Kabnick bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average price of $10.43 per share, with a total value of $1,043,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of NASDAQ AFIN traded up $0.16 during mid-day trading on Tuesday, reaching $11.63. 10,956 shares of the company’s stock were exchanged, compared to its average volume of 537,014. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.28. American Finance Trust Inc has a 52-week low of $9.36 and a 52-week high of $18.50. The stock’s 50-day moving average is $11.29.

American Finance Trust (NASDAQ:AFIN) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. American Finance Trust had a negative return on equity of 3.43% and a negative net margin of 19.15%. The business had revenue of $71.54 million during the quarter.

The company also recently announced a dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 8th will be paid a dividend of $0.0917 per share. This is a positive change from American Finance Trust’s previous dividend of $0.04. The ex-dividend date is Wednesday, August 7th.

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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