AMERN FIN TR IN/SH (NASDAQ:AFIN) Coverage Initiated by Analysts at BMO Capital Markets
BMO Capital Markets assumed coverage on shares of AMERN FIN TR IN/SH (NASDAQ:AFIN) in a research note issued to investors on Tuesday, September 18th, Marketbeat.com reports. The brokerage set a “market perform” rating and a $17.00 price target on the stock. BMO Capital Markets’ target price would indicate a potential upside of 17.32% from the company’s previous close.
NASDAQ:AFIN traded down $0.06 during trading hours on Tuesday, hitting $14.49. The stock had a trading volume of 514,806 shares, compared to its average volume of 405,568. AMERN FIN TR IN/SH has a one year low of $13.15 and a one year high of $18.50.
In related news, Director Lisa Kabnick acquired 5,000 shares of the company’s stock in a transaction dated Friday, September 28th. The stock was bought at an average cost of $15.07 per share, with a total value of $75,350.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward M. Jr. Weil acquired 4,986 shares of the company’s stock in a transaction dated Thursday, September 27th. The shares were bought at an average cost of $15.08 per share, with a total value of $75,188.88. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 11,636 shares of company stock valued at $175,404.
About AMERN FIN TR IN/SH
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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