Signaturefd LLC Sells 8,678 Shares of Global Net Lease, Inc. (NYSE:GNL)

Signaturefd LLC reduced its position in Global Net Lease, Inc. (NYSE:GNL) by 58.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,048 shares of the financial services provider’s stock after selling 8,678 shares during the period. Signaturefd LLC’s holdings in Global Net Lease were worth $44,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cibc World Markets Corp purchased a new stake in shares of Global Net Lease during the 4th quarter valued at $137,000. Creative Financial Designs Inc. ADV raised its stake in Global Net Lease by 119.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 6,659 shares of the financial services provider’s stock valued at $49,000 after buying an additional 3,624 shares during the last quarter. GWN Securities Inc. purchased a new stake in Global Net Lease in the fourth quarter valued at about $161,000. Corient Private Wealth LLC boosted its holdings in Global Net Lease by 0.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,344,533 shares of the financial services provider’s stock worth $17,115,000 after acquiring an additional 21,823 shares in the last quarter. Finally, Ascent Capital Management LLC purchased a new stake in shares of Global Net Lease during the fourth quarter worth about $239,000. 61.19% of the stock is owned by hedge funds and other institutional investors.

Global Net Lease Price Performance

NYSE:GNL opened at $7.95 on Wednesday. The firm’s fifty day moving average is $7.50 and its two-hundred day moving average is $7.70. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -8.46 and a beta of 1.33. 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 one year low of $6.52 and a one year high of $9.11.

Global Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 13.84%. The ex-dividend date was Monday, January 13th. Global Net Lease’s dividend payout ratio (DPR) is -144.74%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. JMP Securities upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a research note on Tuesday, December 17th. Finally, Truist Financial dropped their price objective 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. 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 MarketBeat, Global Net Lease presently has an average rating of “Moderate Buy” and an average price target 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.