J.W. Cole Advisors Inc. Decreases Holdings in Global Net Lease, Inc. (NYSE:GNL)

J.W. Cole Advisors Inc. lowered its position in Global Net Lease, Inc. (NYSE:GNL) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,924 shares of the financial services provider’s stock after selling 1,698 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Global Net Lease were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of GNL. Park Place Capital Corp bought a new stake in shares of Global Net Lease in the 3rd quarter worth approximately $35,000. GAMMA Investing LLC grew its holdings in shares of Global Net Lease by 60.1% during the 3rd quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,897 shares during the last quarter. Verus Capital Partners LLC purchased a new position in Global Net Lease in the 2nd quarter worth $74,000. Atomi Financial Group Inc. bought a new stake in Global Net Lease in the first quarter worth $81,000. Finally, Signaturefd LLC boosted its position in Global Net Lease by 176.8% during the second quarter. Signaturefd LLC now owns 12,410 shares of the financial services provider’s stock valued at $91,000 after buying an additional 7,927 shares during the period. 61.19% of the stock is currently owned by institutional investors.

Global Net Lease Stock Performance

Shares of NYSE:GNL opened at $7.80 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $8.50 and a 200-day moving average price of $7.93. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -4.34, a price-to-earnings-growth ratio of 1.06 and a beta of 1.37. Global Net Lease, Inc. has a 12 month low of $6.52 and a 12 month high of $10.19.

Global Net Lease (NYSE:GNL) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.52). The business had revenue of $203.29 million for the quarter, compared to the consensus estimate of $204.80 million. Global Net Lease had a negative net margin of 33.26% and a negative return on equity of 9.41%. During the same period in the previous year, the company earned $0.40 EPS. As a group, equities analysts anticipate that Global Net Lease, Inc. will post 1.27 EPS for the current year.

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Friday, October 11th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 14.11%. The ex-dividend date of this dividend was Friday, October 11th. Global Net Lease’s payout ratio is -60.44%.

Insider Buying and Selling at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was purchased at an average cost of $8.40 per share, with a total value of $840,000.00. Following the transaction, the insider now owns 1,729,073 shares in the company, valued at approximately $14,524,213.20. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on GNL. StockNews.com upgraded Global Net Lease from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Truist Financial lifted their price target on Global Net Lease from $8.00 to $8.50 and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Finally, B. Riley dropped their price objective on Global Net Lease from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.83.

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.