Global Net Lease, Inc. (NYSE:GNL) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in Global Net Lease, Inc. (NYSE:GNL) by 4.5% during the 4th quarter, Holdings Channel reports. The firm owned 141,964 shares of the financial services provider’s stock after buying an additional 6,062 shares during the quarter. HighTower Advisors LLC’s holdings in Global Net Lease were worth $1,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Inceptionr LLC purchased a new position in Global Net Lease during the fourth quarter valued at $84,000. Raymond James Financial Inc. acquired a new position in shares of Global Net Lease during the 4th quarter worth about $227,000. Charles Schwab Investment Management Inc. lifted its stake in Global Net Lease by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,171,758 shares of the financial services provider’s stock valued at $30,454,000 after buying an additional 112,908 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Global Net Lease by 11.4% in the 4th 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 last quarter. Finally, US Bancorp DE increased its stake in Global Net Lease by 363.2% during the 4th quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock worth $44,000 after buying an additional 4,761 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Truist Financial reduced their target price on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research 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 price objective for the company in a report on Tuesday, December 17th. Finally, Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Two research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Global Net Lease Trading Up 0.6 %

Shares of GNL opened at $8.00 on Thursday. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $9.11. The firm has a market capitalization of $1.85 billion, a P/E ratio of -8.51 and a beta of 1.33. The firm has a 50-day moving average price of $7.52 and a 200 day moving average price of $7.71. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70.

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 issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 13.76%. Global Net Lease’s dividend payout ratio is currently -144.74%.

About Global Net Lease

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.