J.W. Cole Advisors Inc. Has $188,000 Holdings in Global Net Lease, Inc. (NYSE:GNL)

J.W. Cole Advisors Inc. trimmed its stake in Global Net Lease, Inc. (NYSE:GNL) by 19.3% in the fourth quarter, HoldingsChannel reports. The firm owned 25,750 shares of the financial services provider’s stock after selling 6,174 shares during the period. J.W. Cole Advisors Inc.’s holdings in Global Net Lease were worth $188,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GNL. Creative Planning grew its holdings in Global Net Lease by 8.0% in the third quarter. Creative Planning now owns 77,867 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 5,784 shares during the period. Signaturefd LLC grew its holdings in Global Net Lease by 18.7% in the third quarter. Signaturefd LLC now owns 14,726 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 2,316 shares during the period. Private Advisor Group LLC acquired a new stake in Global Net Lease in the third quarter worth $92,000. International Assets Investment Management LLC grew its holdings in Global Net Lease by 1,756.3% in the third quarter. International Assets Investment Management LLC now owns 34,305 shares of the financial services provider’s stock worth $2,646,000 after purchasing an additional 32,457 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Global Net Lease by 14.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,601 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 1,962 shares during the period. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Stock Down 0.2 %

Global Net Lease stock opened at $7.25 on Friday. 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 firm’s fifty day moving average price is $7.21 and its two-hundred day moving average price is $7.79. Global Net Lease, Inc. has a 1-year low of $6.52 and a 1-year high of $9.10. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -7.71 and a beta of 1.34.

Global Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.18%. The ex-dividend date was Monday, January 13th. Global Net Lease’s payout ratio is currently -117.02%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citizens Jmp upgraded shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Truist Financial dropped their price objective on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Friday, November 29th. Finally, JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.