American Finance Trust, Inc. (NASDAQ:AFIN) Receives Average Recommendation of “Buy” from Analysts

Shares of American Finance Trust, Inc. (NASDAQ:AFIN) have been given an average rating of “Buy” by the six brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $11.67.

Several equities analysts have recently weighed in on AFIN shares. Colliers Securities raised shares of American Finance Trust from a “neutral” rating to a “buy” rating and set a $11.00 target price for the company in a report on Tuesday, December 21st. Zacks Investment Research raised shares of American Finance Trust from a “sell” rating to a “hold” rating in a report on Monday, January 10th. Finally, UBS Group raised shares of American Finance Trust from a “neutral” rating to a “buy” rating in a report on Tuesday, December 21st.

AFIN opened at $8.92 on Friday. American Finance Trust has a 12-month low of $7.23 and a 12-month high of $10.69. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $1.10 billion, a PE ratio of -29.73, a P/E/G ratio of 1.71 and a beta of 1.41. The firm has a 50 day moving average of $8.61 and a two-hundred day moving average of $8.52.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Thursday, January 13th will be issued a $0.2125 dividend. This represents a $0.85 annualized dividend and a yield of 9.53%. The ex-dividend date is Wednesday, January 12th. This is a positive change from American Finance Trust’s previous quarterly dividend of $0.09. American Finance Trust’s payout ratio is presently -283.32%.

A number of institutional investors and hedge funds have recently made changes to their positions in AFIN. Koshinski Asset Management Inc. acquired a new position in shares of American Finance Trust during the 3rd quarter valued at about $34,000. Rockefeller Capital Management L.P. acquired a new position in American Finance Trust in the third quarter valued at approximately $45,000. Penserra Capital Management LLC acquired a new position in American Finance Trust in the third quarter valued at approximately $81,000. Raymond James Financial Services Advisors Inc. acquired a new position in American Finance Trust in the third quarter valued at approximately $82,000. Finally, First Republic Investment Management Inc. acquired a new position in American Finance Trust in the third quarter valued at approximately $83,000. 53.84% of the stock is currently owned by institutional investors.

About American Finance Trust

American Finance Trust, Inc is a real estate investment trust, which engages in the acquiring and managing a portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties. It operates through income-producing properties segment, which consists of activities related to investing in real estate.

Read More: Is a Roth IRA right for you?

Receive News & Ratings for American Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter.