Charles Schwab Investment Management Inc. increased its position in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,171,758 shares of the financial services provider's stock after buying an additional 112,908 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.81% of Global Net Lease worth $30,454,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE increased its stake in shares of Global Net Lease by 363.2% in the 4th quarter. US Bancorp DE now owns 6,072 shares of the financial services provider's stock worth $44,000 after acquiring an additional 4,761 shares in the last quarter. McIlrath & Eck LLC purchased a new position in shares of Global Net Lease during the third quarter valued at approximately $67,000. KBC Group NV boosted its position in shares of Global Net Lease by 37.4% in the 3rd 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. Allworth Financial LP increased its position in Global Net Lease by 157.6% during the 4th quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider's stock valued at $74,000 after buying an additional 6,310 shares in the last quarter. Finally, Abel Hall LLC bought a new position in Global Net Lease during the 3rd quarter valued at approximately $93,000. Hedge funds and other institutional investors own 61.19% of the company's stock.
Global Net Lease Price Performance
Shares of Global Net Lease stock traded up $0.01 during trading hours on Thursday, reaching $7.96. The company's stock had a trading volume of 915,894 shares, compared to its average volume of 1,369,544. The firm has a 50 day moving average price of $7.44 and a 200-day moving average price of $7.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market cap of $1.84 billion, a P/E ratio of -8.48 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.
Global Net Lease Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 13.83%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease's payout ratio is currently -144.74%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on GNL shares. Citizens Jmp raised shares of Global Net Lease from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. JMP Securities upgraded Global Net Lease from a "market perform" rating to an "outperform" rating and set a $9.00 target price on the stock in a research note on Tuesday, December 17th. Finally, Truist Financial decreased their price target on Global Net Lease from $8.50 to $8.00 and set a "hold" rating for the company in a research note 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $9.50.
Read Our Latest Analysis on GNL
Global Net Lease Company Profile
(
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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