Kingswood Wealth Advisors LLC bought a new position in shares of Global Net Lease, Inc. (NYSE:GNL – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,519 shares of the financial services provider’s stock, valued at approximately $160,000.
A number of other large investors have also added to or reduced their stakes in the business. Toroso Investments LLC increased its holdings in shares of Global Net Lease by 5.9% in the fourth quarter. Toroso Investments LLC now owns 15,823 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 879 shares during the last quarter. Signaturefd LLC raised its holdings in Global Net Lease by 55.8% in the 1st quarter. Signaturefd LLC now owns 2,741 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 982 shares during the period. LPL Financial LLC raised its holdings in Global Net Lease by 1.2% in the 2nd quarter. LPL Financial LLC now owns 80,748 shares of the financial services provider’s stock valued at $1,143,000 after acquiring an additional 982 shares during the period. Great West Life Assurance Co. Can lifted its position in Global Net Lease by 0.5% during the first quarter. Great West Life Assurance Co. Can now owns 199,399 shares of the financial services provider’s stock worth $2,563,000 after acquiring an additional 994 shares during the last quarter. Finally, ICA Group Wealth Management LLC boosted its holdings in shares of Global Net Lease by 9.4% during the first quarter. ICA Group Wealth Management LLC now owns 11,621 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 75.56% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on GNL shares. StockNews.com lowered Global Net Lease from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. TheStreet downgraded shares of Global Net Lease from a “c-” rating to a “d+” rating in a research note on Thursday, October 12th. Finally, BTIG Research reduced their price objective on shares of Global Net Lease from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, September 18th.
Global Net Lease Stock Up 2.7 %
NYSE GNL opened at $8.77 on Thursday. The business has a fifty day moving average price of $9.03 and a two-hundred day moving average price of $10.06. The stock has a market capitalization of $915.85 million, a PE ratio of -5.35, a PEG ratio of 0.91 and a beta of 1.35. Global Net Lease, Inc. has a fifty-two week low of $7.56 and a fifty-two week high of $15.28. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.05 and a quick ratio of 0.05.
Global Net Lease Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Thursday, October 12th were given a dividend of $0.354 per share. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.42 annualized dividend and a dividend yield of 16.15%. The ex-dividend date of this dividend was Wednesday, October 11th. Global Net Lease’s dividend payout ratio is currently -86.59%.
About Global Net Lease
Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. They are 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.
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