Global Net Lease, Inc. (NYSE:GNL) Shares Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. increased its holdings in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) by 22.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 197,071 shares of the financial services provider's stock after acquiring an additional 35,535 shares during the period. Kovack Advisors Inc. owned approximately 0.09% of Global Net Lease worth $1,584,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northern Trust Corp increased its position in shares of Global Net Lease by 26.3% in the fourth quarter. Northern Trust Corp now owns 2,612,357 shares of the financial services provider's stock valued at $19,070,000 after buying an additional 544,719 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Global Net Lease by 2.7% during the first quarter. Principal Financial Group Inc. now owns 986,423 shares of the financial services provider's stock valued at $7,931,000 after acquiring an additional 25,741 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Global Net Lease by 185.8% during the first quarter. M&T Bank Corp now owns 34,749 shares of the financial services provider's stock valued at $279,000 after acquiring an additional 22,590 shares during the last quarter. Swiss National Bank boosted its stake in shares of Global Net Lease by 0.8% during the fourth quarter. Swiss National Bank now owns 385,257 shares of the financial services provider's stock valued at $2,812,000 after acquiring an additional 3,100 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Global Net Lease by 1.8% during the fourth quarter. LPL Financial LLC now owns 280,271 shares of the financial services provider's stock valued at $2,046,000 after acquiring an additional 4,908 shares during the last quarter. Institutional investors and hedge funds own 61.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GNL. JMP Securities reaffirmed a "market outperform" rating and set a $9.00 price objective on shares of Global Net Lease in a research note on Thursday, June 12th. B. Riley began coverage on Global Net Lease in a research note on Tuesday, April 22nd. They set a "neutral" rating and a $8.00 price objective on the stock. Three analysts have rated the stock with a hold rating, one has 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 a consensus rating of "Moderate Buy" and a consensus price target of $8.33.

Insider Transactions at Global Net Lease

In other news, CEO Edward M. Jr. Weil sold 150,000 shares of Global Net Lease stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $7.61, for a total value of $1,141,500.00. Following the transaction, the chief executive officer directly owned 584,053 shares of the company's stock, valued at $4,444,643.33. The trade was a 20.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nicholas S. Schorsch sold 300,000 shares of Global Net Lease stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $7.33, for a total value of $2,199,000.00. Following the completion of the transaction, the insider directly owned 19,607,384 shares in the company, valued at $143,722,124.72. This represents a 1.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,653,000 shares of company stock worth $56,914,790. 0.37% of the stock is owned by corporate insiders.

Global Net Lease Trading Up 0.1%

NYSE:GNL traded up $0.01 during mid-day trading on Friday, reaching $7.17. The company's stock had a trading volume of 1,465,239 shares, compared to its average volume of 1,853,298. The company's fifty day simple moving average is $7.54 and its two-hundred day simple moving average is $7.52. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.11 and a quick ratio of 0.11. Global Net Lease, Inc. has a twelve month low of $6.51 and a twelve month high of $9.10. The stock has a market cap of $1.64 billion, a P/E ratio of -4.84 and a beta of 1.19.

Global Net Lease (NYSE:GNL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.06. Global Net Lease had a negative return on equity of 9.23% and a negative net margin of 40.64%. The firm had revenue of $132.42 million for the quarter, compared to analyst estimates of $187.40 million. On average, equities analysts predict that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Friday, July 11th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 10.61%. The ex-dividend date of this dividend was Friday, July 11th. Global Net Lease's payout ratio is -51.35%.

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.