B.Riley FBR Sticks to Their Hold Rating for American Finance (AFIN)

By Jason Carr

B.Riley FBR analyst Bryan Maher maintained a Hold rating on American Finance (AFINResearch Report) today and set a price target of $14.00. The company’s shares closed last Monday at $14.85, close to its 52-week high of $15.09.

According to TipRanks.com, Maher is a 4-star analyst with an average return of 5.6% and a 56.7% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties, Senior Housing Properties, and Braemar Hotels & Resorts.

The word on The Street in general, suggests a Hold analyst consensus rating for American Finance with a $14.50 average price target.

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Based on American Finance’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $8.53 million. In comparison, last year the company had a GAAP net loss of $27.25 million.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AFIN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

American Finance Trust, Inc. is a real estate investment trust, which focuses on managing and acquiring a portfolio of service-oriented, traditional retail and distribution related commercial real estate properties in the U.S. The company was founded on January 22, 2013 and is headquartered in New York, NY.