There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on January 11, American Finance Trust Inc's CEO and President, Edward M. Weil Jr., invested $25,007.20 into 1,934 shares of AFIN, for a cost per share of $12.93. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Wednesday, bargain hunters could buy shares of American Finance Trust Inc (Symbol: AFIN) and achieve a cost basis 17.5% cheaper than Weil Jr., with shares changing hands as low as $10.67 per share. It should be noted that Weil Jr. has collected $0.18/share in dividends since the time of their purchase, so they are currently down 16.1% on their purchase from a total return basis. American Finance Trust Inc shares are currently trading off about 0.1% on the day. The chart below shows the one year performance of AFIN shares, versus its 200 day moving average:
Looking at the chart above, AFIN's low point in its 52 week range is $10.36 per share, with $18.50 as the 52 week high point - that compares with a last trade of $10.74. By comparison, below is a table showing the prices at which AFIN insider buying
was recorded over the last six months:
|Purchased ||Insider ||Title ||Shares ||Price/Share ||Value |
|01/11/2019 ||Edward M. Weil Jr. ||CEO and President ||1,934 ||$12.93 ||$25,007.20 |
The current annualized dividend paid by American Finance Trust Inc is $1.1000004/share, currently paid in monthly installments, and its most recent dividend has an upcoming ex-date of 04/09/2019. Below is a long-term dividend history chart for AFIN, which can be of good help in judging whether the most recent dividend with approx. 10.3% annualized yield is likely to continue.
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