Global Net Lease, Inc. (NYSE:GNL) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) by 161.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 134,962 shares of the financial services provider's stock after purchasing an additional 83,437 shares during the quarter. Intech Investment Management LLC owned approximately 0.06% of Global Net Lease worth $985,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Sunbelt Securities Inc. boosted its stake in shares of Global Net Lease by 10.9% in the third quarter. Sunbelt Securities Inc. now owns 16,023 shares of the financial services provider's stock worth $135,000 after acquiring an additional 1,574 shares during the last quarter. Apeiron RIA LLC grew its position in shares of Global Net Lease by 7.4% in the fourth quarter. Apeiron RIA LLC now owns 32,084 shares of the financial services provider's stock valued at $234,000 after purchasing an additional 2,200 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of Global Net Lease by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 22,700 shares of the financial services provider's stock valued at $166,000 after purchasing an additional 2,318 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Global Net Lease by 0.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 420,529 shares of the financial services provider's stock worth $3,070,000 after acquiring an additional 2,499 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Global Net Lease by 1.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 245,400 shares of the financial services provider's stock valued at $2,066,000 after acquiring an additional 2,500 shares during the last quarter. 61.19% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research firms have recently weighed in on GNL. Citizens Jmp raised shares of Global Net Lease from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Truist Financial reduced their price target 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 upgraded shares of Global Net Lease from a "market perform" rating to an "outperform" rating and set a $9.00 target price for the company in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $9.50.

Global Net Lease Stock Up 0.6 %

Shares of GNL traded up $0.05 during mid-day trading on Wednesday, hitting $8.00. 851,649 shares of the company's stock were exchanged, compared to its average volume of 1,375,527. The stock's 50-day moving average is $7.50 and its 200-day moving average is $7.70. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. Global Net Lease, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $9.11. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -8.51 and a beta of 1.33.

Global Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were paid a $0.275 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 annualized dividend and a dividend yield of 13.76%. Global Net Lease's dividend payout ratio (DPR) is -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.