Financial

Notable News Spotlight: American Finance Trust (NASDAQ:AFIN)

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American Finance Trust (NASDAQ:AFIN) changed 1.60% to recent value of $6.04. The stock transacted 380303 shares during most recent day however it has an average volume of 453.33K shares. It spotted trading -60.21% off 52-week high price. On the other end, the stock has been noted 43.81% away from the low price over the last 52-weeks.

On Sept. 25, 2020, American Finance Trust (NASDAQ:AFIN) revealed that it intends to continue to pay dividends on a quarterly basis on its 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock (the Series A Preferred Stock) at an annualized rate of $1.875 per share or $0.46875 per share on a quarterly basis.  Dividends on the Series A Preferred Stock are payable in arrears to Series A Preferred Stock holders of record at the close of business on the applicable record date and payable on the 15th day of the first month of each fiscal quarter (or, if not a business day, the next succeeding business day).

Accordingly, AFIN declared a dividend of $0.46875 per share of Series A Preferred Stock payable on October 15, 2020 to Series A Preferred Stock holders of record at the close of business on October 5, 2020.

AFIN has a gross margin of 73.60% and an operating margin of 14.60% while its profit margin remained -13.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained 91.80% for this year.

The company has 108.39M of outstanding shares and 108.11M shares were floated in the market. The price moved ahead of -9.77% from the mean of 20 days, -14.36% from mean of 50 days SMA and performed -32.29% from mean of 200 days price. Company’s performance for the week was -9.04%, -10.25% for month and YTD performance remained -54.45%.

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