Advisors Asset Management Inc. Boosts Stake in Global Net Lease, Inc. (NYSE:GNL)

Advisors Asset Management Inc. increased its holdings in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,430,580 shares of the financial services provider's stock after purchasing an additional 320,738 shares during the quarter. Advisors Asset Management Inc. owned 0.62% of Global Net Lease worth $10,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. KBC Group NV grew its position in shares of Global Net Lease by 37.4% during the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider's stock worth $78,000 after purchasing an additional 2,535 shares in the last quarter. Metis Global Partners LLC lifted its stake in shares of Global Net Lease by 32.8% in the 3rd quarter. Metis Global Partners LLC now owns 20,382 shares of the financial services provider's stock valued at $172,000 after purchasing an additional 5,037 shares during the last quarter. Quest Partners LLC lifted its stake in shares of Global Net Lease by 155.9% during the 3rd quarter. Quest Partners LLC now owns 84,881 shares of the financial services provider's stock worth $715,000 after acquiring an additional 51,713 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Global Net Lease during the 3rd quarter worth approximately $434,000. Finally, Charles Schwab Investment Management Inc. raised its position in Global Net Lease by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider's stock valued at $34,176,000 after purchasing an additional 166,247 shares in the last quarter. Institutional investors own 61.19% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Citizens Jmp upgraded Global Net Lease from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. JMP Securities raised Global Net Lease from a "market perform" rating to an "outperform" rating and set a $9.00 price objective for the company in a report on Tuesday, December 17th. Finally, Truist Financial decreased their price objective on Global Net Lease from $8.50 to $8.00 and set a "hold" rating for the company in a report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $9.50.

Global Net Lease Stock Down 1.7 %

Global Net Lease stock traded down $0.14 during midday trading on Friday, reaching $7.81. The company's stock had a trading volume of 3,270,038 shares, compared to its average volume of 1,376,618. The company has a market cap of $1.80 billion, a P/E ratio of -8.30 and a beta of 1.33. 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 business has a 50-day simple moving average of $7.46 and a 200-day simple moving average of $7.73. Global Net Lease, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $9.11.

Global Net Lease Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 14.09%. The ex-dividend date was Monday, January 13th. Global Net Lease's payout ratio is currently -144.74%.

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.