Van ECK Associates Corp Acquires 4,799 Shares of Global Net Lease, Inc. (NYSE:GNL)

Van ECK Associates Corp lifted its position in Global Net Lease, Inc. (NYSE:GNL – Get Rating) by 79.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,806 shares of the financial services provider’s stock after purchasing an additional 4,799 shares during the quarter. Van ECK Associates Corp’s holdings in Global Net Lease were worth $136,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GNL. Parallel Advisors LLC raised its stake in shares of Global Net Lease by 41,628.6% in the fourth quarter. Parallel Advisors LLC now owns 2,921 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 2,914 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Global Net Lease in the third quarter valued at $39,000. Raleigh Capital Management Inc. raised its stake in shares of Global Net Lease by 100.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 5,340 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 2,670 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in shares of Global Net Lease in the fourth quarter valued at $68,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Global Net Lease by 82.3% in the third quarter. Tower Research Capital LLC TRC now owns 7,483 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 3,378 shares in the last quarter. 70.40% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Stock Performance

Global Net Lease stock opened at $10.26 on Friday. The stock has a fifty day moving average price of $11.75 and a two-hundred day moving average price of $12.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $1.07 billion, a P/E ratio of -51.30, a P/E/G ratio of 1.11 and a beta of 1.28. Global Net Lease, Inc. has a 52-week low of $9.80 and a 52-week high of $15.30.

Global Net Lease Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Thursday, April 13th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 15.59%. The ex-dividend date of this dividend was Wednesday, April 12th. This is a boost from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s dividend payout ratio is presently -799.96%.

Analyst Upgrades and Downgrades

GNL has been the subject of several recent analyst reports. StockNews.com initiated coverage on Global Net Lease in a research note on Thursday. They set a “hold” rating for the company. B. Riley dropped their price objective on Global Net Lease from $17.00 to $15.00 in a research note on Monday. Finally, BNP Paribas initiated coverage on Global Net Lease in a research note on Thursday, March 16th. They set an “underperform” rating and a $13.00 price objective for the company.

Global Net Lease Profile

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Global Net Lease, Inc engages in real estate investment service. It focuses 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.