Global Net Lease, Inc. (NYSE:GNL) Shares Bought by TrueMark Investments LLC

TrueMark Investments LLC boosted its holdings in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) by 65.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 766,419 shares of the financial services provider's stock after purchasing an additional 302,327 shares during the period. Global Net Lease makes up approximately 1.8% of TrueMark Investments LLC's holdings, making the stock its 7th biggest position. TrueMark Investments LLC owned about 0.33% of Global Net Lease worth $5,595,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in shares of Global Net Lease in the 3rd quarter valued at $434,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Global Net Lease by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider's stock worth $34,176,000 after buying an additional 166,247 shares during the period. Citigroup Inc. boosted its holdings in shares of Global Net Lease by 52.8% in the third quarter. Citigroup Inc. now owns 771,371 shares of the financial services provider's stock worth $6,495,000 after buying an additional 266,647 shares during the period. Cerity Partners LLC raised its holdings in shares of Global Net Lease by 114.8% during the third quarter. Cerity Partners LLC now owns 50,435 shares of the financial services provider's stock valued at $425,000 after acquiring an additional 26,959 shares during the period. Finally, Algert Global LLC raised its holdings in shares of Global Net Lease by 255.4% during the third quarter. Algert Global LLC now owns 277,584 shares of the financial services provider's stock valued at $2,337,000 after acquiring an additional 199,480 shares during the period. 61.19% of the stock is currently owned by institutional investors.

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Global Net Lease Stock Up 0.2 %

Shares of NYSE GNL traded up $0.02 during mid-day trading on Friday, reaching $7.99. The company had a trading volume of 988,257 shares, compared to its average volume of 1,453,617. 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 twelve month low of $6.52 and a twelve month high of $9.11. The stock's 50 day moving average is $7.55 and its 200-day moving average is $7.70. The stock has a market capitalization of $1.84 billion, a PE ratio of -8.49 and a beta of 1.33.

Global Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors 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 13.78%. Global Net Lease's payout ratio is -144.74%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. 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 for the company in a research 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 assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $9.50.

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.