KLP Kapitalforvaltning AS Purchases New Holdings in Global Net Lease, Inc. (NYSE:GNL)

KLP Kapitalforvaltning AS bought a new stake in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 38,570 shares of the financial services provider's stock, valued at approximately $282,000.

A number of other large investors also recently added to or reduced their stakes in GNL. Sunbelt Securities Inc. lifted its position in 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 valued at $135,000 after purchasing an additional 1,574 shares during the last quarter. Apeiron RIA LLC increased its stake 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 worth $234,000 after buying an additional 2,200 shares during the period. Metis Global Partners LLC increased its stake 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 worth $166,000 after buying an additional 2,318 shares during the period. Atria Wealth Solutions Inc. raised its holdings in 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 valued at $3,070,000 after buying an additional 2,499 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in 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 buying an additional 2,500 shares during the period. Hedge funds and other institutional investors own 61.19% of the company's stock.

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Global Net Lease Trading Up 0.8 %

Global Net Lease stock traded up $0.06 during mid-day trading on Friday, reaching $6.99. 3,187,430 shares of the company traded hands, compared to its average volume of 1,506,284. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. Global Net Lease, Inc. has a 52-week low of $6.51 and a 52-week high of $9.11. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -7.43 and a beta of 1.19. The firm's 50 day moving average price is $7.59 and its 200 day moving average price is $7.59.

Global Net Lease Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, April 11th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 10.88%. The ex-dividend date is Friday, April 11th. Global Net Lease's dividend payout ratio is currently -100.00%.

Wall Street Analysts Forecast Growth

GNL has been the topic of a number of analyst reports. Citizens Jmp upgraded shares of Global Net Lease from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. JMP Securities raised 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. Two 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's stock. According to data from MarketBeat.com, Global Net Lease presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.50.

Insider Buying and Selling

In related news, major shareholder Nicholas S. Schorsch sold 200,000 shares of Global Net Lease stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total transaction of $1,590,000.00. Following the sale, the insider now directly owns 1,629,073 shares in the company, valued at $12,951,130.35. The trade was a 10.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by insiders.

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.