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

Global Net Lease logo with Finance background

J.W. Cole Advisors Inc. boosted its position in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 435.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 137,913 shares of the financial services provider's stock after acquiring an additional 112,163 shares during the quarter. J.W. Cole Advisors Inc. owned 0.06% of Global Net Lease worth $1,109,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GNL. CoreCap Advisors LLC bought a new position in shares of Global Net Lease during the 4th quarter worth approximately $25,000. Ameriflex Group Inc. purchased a new position in Global Net Lease during the 4th quarter worth $25,000. GF Fund Management CO. LTD. purchased a new stake in Global Net Lease in the 4th quarter valued at about $26,000. Coldstream Capital Management Inc. purchased a new position in Global Net Lease in the fourth quarter worth $73,000. Finally, Atlas Private Wealth Advisors purchased a new stake in Global Net Lease during the first quarter worth about $85,000. 61.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Global Net Lease Price Performance

NYSE GNL traded up $0.05 during trading hours on Thursday, reaching $7.16. 1,589,936 shares of the stock traded hands, compared to its average volume of 1,833,107. The stock has a 50 day simple moving average of $7.55 and a two-hundred day simple moving average of $7.52. Global Net Lease, Inc. has a 1 year low of $6.51 and a 1 year high of $9.10. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -4.83 and a beta of 1.19.

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

Global Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Investors of record on Friday, July 11th were given a dividend of $0.19 per share. The ex-dividend date was Friday, July 11th. This represents a $0.76 annualized dividend and a yield of 10.62%. Global Net Lease's payout ratio is -51.35%.

Analysts Set New Price Targets

GNL has been the topic of several research reports. B. Riley began coverage on shares of Global Net Lease in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $8.00 price target on the stock. JMP Securities reiterated a "market outperform" rating and set a $9.00 price target on shares of Global Net Lease in a research report on Thursday, June 12th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Global Net Lease currently has an average rating of "Moderate Buy" and an average target price of $8.33.

View Our Latest Analysis on Global Net Lease

About Global Net Lease

(Free Report)

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.

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Institutional Ownership by Quarter for Global Net Lease (NYSE:GNL)

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