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

Kovack Advisors Inc. grew its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 99.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,536 shares of the financial services provider’s stock after acquiring an additional 80,510 shares during the period. Kovack Advisors Inc. owned 0.07% of Global Net Lease worth $1,179,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GNL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Global Net Lease by 392.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock worth $8,829,000 after buying an additional 835,830 shares during the period. Citigroup Inc. grew its stake in shares of Global Net Lease by 52.8% in the third quarter. Citigroup Inc. now owns 771,371 shares of the financial services provider’s stock valued at $6,495,000 after acquiring an additional 266,647 shares in the last quarter. Barclays PLC increased its position in Global Net Lease by 312.3% during the third quarter. Barclays PLC now owns 339,701 shares of the financial services provider’s stock worth $2,859,000 after acquiring an additional 257,310 shares during the period. Algert Global LLC raised its stake in Global Net Lease by 255.4% in the 3rd quarter. Algert Global LLC now owns 277,584 shares of the financial services provider’s stock worth $2,337,000 after purchasing an additional 199,480 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Global Net Lease by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock valued at $34,176,000 after purchasing an additional 166,247 shares during the period. Institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Performance

Shares of Global Net Lease stock opened at $7.55 on Friday. The company has a 50 day moving average of $7.22 and a 200-day moving average of $7.77. The company has a market cap of $1.74 billion, a PE ratio of -8.03 and a beta of 1.34. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. Global Net Lease, Inc. has a 1-year low of $6.52 and a 1-year high of $9.10.

Global Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were issued 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 presently -117.02%.

Analysts Set New Price Targets

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

Global Net Lease Company Profile

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.