VanWeelden Wealth Management LLC bought a new position in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,576 shares of the financial services provider's stock, valued at approximately $260,000. Global Net Lease makes up approximately 0.2% of VanWeelden Wealth Management LLC's investment portfolio, making the stock its 18th largest holding.
Other institutional investors have also made changes to their positions in the company. US Bancorp DE raised its holdings in Global Net Lease by 363.2% in the fourth quarter. US Bancorp DE now owns 6,072 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 4,761 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in Global Net Lease in the third quarter valued at $67,000. Allworth Financial LP raised its holdings in Global Net Lease by 157.6% in the fourth quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 6,310 shares in the last quarter. KBC Group NV raised its holdings in Global Net Lease by 37.4% in the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider's stock valued at $78,000 after acquiring an additional 2,535 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in Global Net Lease in the fourth quarter valued at $81,000. 61.19% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
GNL has been the topic of several recent analyst reports. Truist Financial cut 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 report on Friday, November 29th. 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 research note on Tuesday, December 17th. Finally, 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. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Global Net Lease currently has an average rating of "Moderate Buy" and an average target price of $9.50.
Read Our Latest Stock Report on Global Net Lease
Global Net Lease Stock Down 0.7 %
GNL stock opened at $7.83 on Thursday. 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 1-year low of $6.52 and a 1-year high of $9.11. The firm has a fifty day moving average price of $7.37 and a two-hundred day moving average price of $7.75. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -8.33 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. Stockholders of record on Monday, January 13th were given a dividend of $0.275 per share. The ex-dividend date was Monday, January 13th. This represents a $1.10 annualized dividend and a dividend yield of 14.04%. Global Net Lease's dividend payout ratio is currently -144.74%.
About Global Net Lease
(
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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