Global Net Lease, Inc. (NYSE:GNL) Shares Bought by Mutual Advisors LLC

Mutual Advisors LLC grew its stake in shares of Global Net Lease, Inc. (NYSE:GNLFree Report) by 21.0% in the 4th quarter, Holdings Channel reports. The firm owned 21,781 shares of the financial services provider’s stock after acquiring an additional 3,774 shares during the quarter. Mutual Advisors LLC’s holdings in Global Net Lease were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in GNL. Vanguard Group Inc. grew its stake in Global Net Lease by 83.8% during the 3rd quarter. Vanguard Group Inc. now owns 30,770,077 shares of the financial services provider’s stock worth $295,700,000 after buying an additional 14,033,117 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Global Net Lease by 8,487.0% in the 3rd quarter. Hsbc Holdings PLC now owns 4,832,588 shares of the financial services provider’s stock worth $46,536,000 after acquiring an additional 4,776,310 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Global Net Lease by 80.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,991,844 shares of the financial services provider’s stock valued at $38,362,000 after purchasing an additional 1,778,131 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Global Net Lease by 93.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,497,508 shares of the financial services provider’s stock valued at $33,611,000 after purchasing an additional 1,686,201 shares during the period. Finally, LSV Asset Management boosted its stake in Global Net Lease by 65.9% during the 3rd quarter. LSV Asset Management now owns 3,811,477 shares of the financial services provider’s stock valued at $36,628,000 after purchasing an additional 1,514,319 shares during the period. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on GNL. BTIG Research lowered shares of Global Net Lease from a “buy” rating to a “neutral” rating in a research note on Friday, March 8th. BMO Capital Markets began coverage on Global Net Lease in a research report on Tuesday, February 13th. They issued an “outperform” rating and a $11.00 target price on the stock. Finally, Truist Financial began coverage on Global Net Lease in a research report on Thursday. They set a “hold” rating and a $7.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.00.

Check Out Our Latest Stock Analysis on GNL

Global Net Lease Stock Performance

Shares of NYSE GNL opened at $7.77 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.66. Global Net Lease, Inc. has a 52-week low of $6.83 and a 52-week high of $13.10. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of -4.49, a PEG ratio of 1.00 and a beta of 1.33. The stock’s fifty day simple moving average is $7.87 and its 200 day simple moving average is $8.66.

Global Net Lease Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, January 12th were paid a dividend of $0.354 per share. The ex-dividend date was Thursday, January 11th. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.42 dividend on an annualized basis and a yield of 18.22%. Global Net Lease’s dividend payout ratio is currently -81.50%.

Insider Activity at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch sold 150,000 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $8.90, for a total value of $1,335,000.00. Following the transaction, the insider now owns 4,255,042 shares in the company, valued at approximately $37,869,873.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 220,564 shares of Global Net Lease stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $10.01, for a total transaction of $2,207,845.64. Following the completion of the sale, the insider now owns 4,405,042 shares of the company’s stock, valued at approximately $44,094,470.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Nicholas S. Schorsch sold 150,000 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $8.90, for a total value of $1,335,000.00. Following the sale, the insider now owns 4,255,042 shares of the company’s stock, valued at $37,869,873.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 571,978 shares of company stock worth $5,362,151. 0.22% of the stock is owned by corporate insiders.

Global Net Lease Profile

(Free Report)

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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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Want to see what other hedge funds are holding GNL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Net Lease, Inc. (NYSE:GNLFree Report).

Institutional Ownership by Quarter for Global Net Lease (NYSE:GNL)

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