Kingswood Wealth Advisors LLC Buys Shares of 19,323 Global Net Lease, Inc. (NYSE:GNL)

Kingswood Wealth Advisors LLC purchased a new position in shares of Global Net Lease, Inc. (NYSE:GNL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,323 shares of the financial services provider’s stock, valued at approximately $141,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP bought a new position in Global Net Lease in the second quarter valued at $147,000. AQR Capital Management LLC boosted its stake in shares of Global Net Lease by 0.6% during the 2nd quarter. AQR Capital Management LLC now owns 411,245 shares of the financial services provider’s stock worth $3,023,000 after buying an additional 2,603 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Global Net Lease by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 161,101 shares of the financial services provider’s stock valued at $1,184,000 after acquiring an additional 8,587 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Global Net Lease in the second quarter valued at about $574,000. Finally, Creative Planning raised its holdings in Global Net Lease by 52.0% during the second quarter. Creative Planning now owns 72,083 shares of the financial services provider’s stock worth $530,000 after acquiring an additional 24,673 shares in the last quarter. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the stock in a transaction on Monday, November 11th. The shares were purchased at an average price of $7.72 per share, for a total transaction of $772,000.00. Following the purchase, the insider now directly owns 1,829,073 shares in the company, valued at approximately $14,120,443.56. The trade was a 5.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Global Net Lease Stock Performance

Shares of NYSE GNL opened at $7.19 on Monday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.66 billion, a P/E ratio of -7.64 and a beta of 1.34. Global Net Lease, Inc. has a 12 month low of $6.52 and a 12 month high of $9.10. The stock has a 50 day moving average of $7.25 and a 200-day moving average of $7.93.

Global Net Lease (NYSE:GNL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). The company had revenue of $196.56 million for the quarter, compared to the consensus estimate of $198.76 million. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. During the same period last year, the firm earned $0.36 earnings per share. As a group, equities research analysts predict that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.31%. 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.