GWN Securities Inc. Buys Shares of 22,374 Global Net Lease, Inc. (NYSE:GNL)

GWN Securities Inc. bought a new stake in shares of Global Net Lease, Inc. (NYSE:GNL) in the 4th quarter, Holdings Channel.com reports. The fund bought 22,374 shares of the financial services provider’s stock, valued at approximately $161,000.

Several other hedge funds have also recently added to or reduced their stakes in GNL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Global Net Lease by 392.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock valued at $8,829,000 after acquiring an additional 835,830 shares in the last quarter. Citigroup Inc. increased its holdings in Global Net Lease by 52.8% during the 3rd quarter. Citigroup Inc. now owns 771,371 shares of the financial services provider’s stock valued at $6,495,000 after acquiring an additional 266,647 shares in the last quarter. Barclays PLC increased its holdings in Global Net Lease by 312.3% during the 3rd quarter. Barclays PLC now owns 339,701 shares of the financial services provider’s stock valued at $2,859,000 after acquiring an additional 257,310 shares in the last quarter. Algert Global LLC increased its holdings in Global Net Lease by 255.4% during the 3rd 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 in the last quarter. Finally, Vestcor Inc purchased a new position in Global Net Lease during the 4th quarter valued at about $1,303,000. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Global Net Lease Price Performance

GNL opened at $8.03 on Wednesday. The company’s 50 day simple moving average is $7.43 and its 200 day simple moving average is $7.73. 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 1 year low of $6.52 and a 1 year high of $9.11. The stock has a market capitalization of $1.85 billion, a PE ratio of -8.54 and a beta of 1.33.

Global Net Lease Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were given 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 13.71%. Global Net Lease’s dividend payout ratio is presently -144.74%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial decreased 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. 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. Finally, JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target on the stock 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Global Net Lease Company 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.