Kovack Advisors Inc. Has $1.18 Million Position in Global Net Lease, Inc. (NYSE:GNL)

Kovack Advisors Inc. increased its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 99.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,536 shares of the financial services provider’s stock after purchasing an additional 80,510 shares during the quarter. Kovack Advisors Inc.’s holdings in Global Net Lease were worth $1,179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sunbelt Securities Inc. grew its stake in shares of Global Net Lease by 10.9% during the third quarter. Sunbelt Securities Inc. now owns 16,023 shares of the financial services provider’s stock worth $135,000 after buying an additional 1,574 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Global Net Lease by 14.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,601 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 1,962 shares in the last quarter. Apeiron RIA LLC grew its position in Global Net Lease by 7.4% during the 4th quarter. Apeiron RIA LLC now owns 32,084 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 2,200 shares during the last quarter. Atria Wealth Solutions Inc. increased its holdings in Global Net Lease by 0.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 420,529 shares of the financial services provider’s stock worth $3,070,000 after purchasing an additional 2,499 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in Global Net Lease by 1.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 245,400 shares of the financial services provider’s stock valued at $2,066,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors own 61.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GNL shares. Truist Financial reduced their price target on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 29th. Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research note on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Global Net Lease presently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

Global Net Lease Stock Performance

Shares of GNL stock opened at $7.55 on Friday. The stock has a market capitalization of $1.74 billion, a PE ratio of -8.03 and a beta of 1.34. The business’s 50 day simple moving average is $7.22 and its 200 day simple moving average is $7.77. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. Global Net Lease, Inc. has a one year low of $6.52 and a one year high of $9.10.

Global Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 14.58%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s dividend payout ratio is currently -117.02%.

About Global Net Lease

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.