American Finance Trust Inc (NASDAQ:AFIN) Declares Monthly Dividend of $0.09

American Finance Trust Inc (NASDAQ:AFIN) declared a monthly dividend on Thursday, January 2nd, Zacks reports. Investors of record on Monday, January 13th will be paid a dividend of 0.092 per share on Wednesday, January 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 8.38%. The ex-dividend date is Friday, January 10th.

American Finance Trust has a dividend payout ratio of -846.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect American Finance Trust to earn $1.13 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 97.3%.

Shares of American Finance Trust stock opened at $13.18 on Thursday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $13.60 and a two-hundred day moving average price of $13.15. American Finance Trust has a 12-month low of $9.36 and a 12-month high of $15.18.

A number of equities research analysts have issued reports on the company. Zacks Investment Research cut American Finance Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. DA Davidson reaffirmed a “neutral” rating on shares of American Finance Trust in a research report on Thursday, October 3rd. Finally, ValuEngine raised American Finance Trust from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $15.33.

American Finance Trust Company 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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Dividend History for American Finance Trust (NASDAQ:AFIN)

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