Kovack Advisors Inc. Purchases 80,510 Shares of Global Net Lease, Inc. (NYSE:GNL)

Kovack Advisors Inc. lifted its stake in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 99.4% in the 4th quarter, according to 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 period. Kovack Advisors Inc. owned 0.07% of Global Net Lease worth $1,179,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. American Capital Advisory LLC bought a new position in shares of Global Net Lease in the third quarter worth approximately $34,000. McIlrath & Eck LLC bought a new position in Global Net Lease in the 3rd quarter worth $67,000. Allworth Financial LP increased its stake in Global Net Lease by 157.6% in the 4th quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider's stock worth $74,000 after buying an additional 6,310 shares in the last quarter. KBC Group NV increased its stake in Global Net Lease by 37.4% in the 3rd quarter. KBC Group NV now owns 9,311 shares of the financial services provider's stock worth $78,000 after buying an additional 2,535 shares in the last quarter. Finally, HB Wealth Management LLC bought a new stake in Global Net Lease during the fourth quarter valued at about $81,000. 61.19% of the stock is owned by institutional investors.

Global Net Lease Price Performance

Global Net Lease stock traded up $0.22 during mid-day trading on Monday, reaching $8.22. 3,605,626 shares of the company's stock traded hands, compared to its average volume of 1,376,472. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $9.11. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The stock has a 50 day moving average of $7.24 and a two-hundred day moving average of $7.76. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -8.74 and a beta of 1.34.

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Global Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were given a $0.275 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 annualized dividend and a yield of 13.38%. Global Net Lease's dividend payout ratio is currently -117.02%.

Wall Street Analyst Weigh In

A number of research firms recently commented on GNL. Truist Financial lowered 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. JMP Securities raised shares of 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 note on Tuesday, December 17th. Finally, Citizens Jmp upgraded shares of Global Net Lease from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $9.50.

Global Net Lease 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.