Ascent Capital Management LLC Purchases Shares of 32,787 Global Net Lease, Inc. (NYSE:GNL)

Ascent Capital Management LLC bought a new position in Global Net Lease, Inc. (NYSE:GNL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 32,787 shares of the financial services provider's stock, valued at approximately $239,000.

Other large investors have also recently bought and sold shares of the company. VanWeelden Wealth Management LLC bought a new position in shares of Global Net Lease during the 4th quarter valued at $260,000. Vestcor Inc bought a new position in shares of Global Net Lease in the 4th quarter worth approximately $1,303,000. Swiss National Bank lifted its stake in shares of Global Net Lease by 0.8% in the 4th quarter. Swiss National Bank now owns 385,257 shares of the financial services provider's stock valued at $2,812,000 after purchasing an additional 3,100 shares during the period. HighTower Advisors LLC lifted its stake in shares of Global Net Lease by 4.5% in the 4th quarter. HighTower Advisors LLC now owns 141,964 shares of the financial services provider's stock valued at $1,036,000 after purchasing an additional 6,062 shares during the period. Finally, Inceptionr LLC bought a new stake in shares of Global Net Lease during the fourth quarter valued at approximately $84,000. 61.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GNL. 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. Citizens Jmp upgraded shares of Global Net Lease from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. 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. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $9.50.

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Global Net Lease Stock Performance

NYSE GNL traded up $0.01 on Thursday, reaching $7.96. 1,363,208 shares of the stock were exchanged, compared to its average volume of 1,370,894. The firm has a market capitalization of $1.84 billion, a PE ratio of -8.46 and a beta of 1.33. Global Net Lease, Inc. has a one year low of $6.52 and a one year high of $9.11. The company's 50-day simple moving average is $7.44 and its two-hundred day simple moving average is $7.73. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70.

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 dividend on an annualized basis and a yield of 13.83%. Global Net Lease's dividend payout ratio is presently -144.74%.

Global Net Lease Company 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.