International Assets Investment Management LLC Purchases Shares of 78,088 Global Net Lease, Inc. (NYSE:GNL)

International Assets Investment Management LLC purchased a new stake in Global Net Lease, Inc. (NYSE:GNL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 78,088 shares of the financial services provider’s stock, valued at approximately $7,848,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Global Net Lease by 83.8% in the 3rd quarter. Vanguard Group Inc. now owns 30,770,077 shares of the financial services provider’s stock valued at $295,700,000 after acquiring an additional 14,033,117 shares in the last quarter. BlackRock Inc. raised its holdings in Global Net Lease by 0.8% in the 2nd quarter. BlackRock Inc. now owns 18,361,538 shares of the financial services provider’s stock valued at $188,757,000 after acquiring an additional 151,335 shares in the last quarter. State Street Corp raised its holdings in shares of Global Net Lease by 14.5% in the 1st quarter. State Street Corp now owns 6,640,651 shares of the financial services provider’s stock worth $104,457,000 after buying an additional 839,449 shares in the last quarter. Hsbc Holdings PLC raised 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 buying an additional 4,776,310 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of 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 worth $38,362,000 after buying an additional 1,778,131 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GNL. BMO Capital Markets began coverage on Global Net Lease in a report on Tuesday, February 13th. They issued an “outperform” rating and a $11.00 target price for the company. Truist Financial began coverage on Global Net Lease in a report on Thursday, March 28th. They issued a “hold” rating and a $7.00 target price for the company. Finally, BTIG Research cut Global Net Lease from a “buy” rating to a “neutral” rating in a report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.00.

Global Net Lease Stock Down 0.7 %

NYSE GNL opened at $6.78 on Friday. The firm has a market cap of $1.56 billion, a PE ratio of -3.92, a price-to-earnings-growth ratio of 0.88 and a beta of 1.34. Global Net Lease, Inc. has a one year low of $6.74 and a one year high of $11.83. The stock’s 50 day simple moving average is $7.58 and its 200 day simple moving average is $8.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.05 and a quick ratio of 0.05.

Global Net Lease Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 16th. Investors of record on Thursday, April 11th will be given a dividend of $0.275 per share. The ex-dividend date is Wednesday, April 10th. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.10 dividend on an annualized basis and a yield of 16.22%. Global Net Lease’s dividend payout ratio is -63.58%.

Insider Buying and Selling

In related news, major shareholder Nicholas S. Schorsch sold 176,577 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $9.04, for a total transaction of $1,596,256.08. Following the sale, the insider now directly owns 4,078,465 shares in the company, valued at approximately $36,869,323.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 176,577 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $9.04, for a total value of $1,596,256.08. Following the transaction, the insider now directly owns 4,078,465 shares in the company, valued at approximately $36,869,323.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Nicholas S. Schorsch sold 20,000 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $9.00, for a total value of $180,000.00. Following the completion of the transaction, the insider now owns 4,024,330 shares in the company, valued at $36,218,970. The disclosure for this sale can be found here. Insiders have sold a total of 351,414 shares of company stock worth $3,154,305 in the last three months. Insiders own 0.22% of the company’s stock.

Global Net Lease Profile

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.