Kingswood Wealth Advisors LLC Takes Position in Global Net Lease, Inc. (NYSE:GNL)

Kingswood Wealth Advisors LLC bought a new position in shares of Global Net Lease, Inc. (NYSE:GNL) 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.