Nisa Investment Advisors LLC Grows Position in Global Net Lease, Inc. (NYSE:GNL)

Nisa Investment Advisors LLC boosted its holdings in Global Net Lease, Inc. (NYSE:GNL) by 1.5% in the 4th quarter, HoldingsChannel reports. The fund owned 136,718 shares of the financial services provider’s stock after acquiring an additional 1,968 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Global Net Lease were worth $1,360,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GNL. Vanguard Group Inc. raised its position in Global Net Lease by 83.8% in the third quarter. Vanguard Group Inc. now owns 30,770,077 shares of the financial services provider’s stock worth $295,700,000 after acquiring an additional 14,033,117 shares in the last quarter. Hsbc Holdings PLC raised its position in Global Net Lease by 8,487.0% in the third 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Global Net Lease by 80.3% in the third 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 acquiring an additional 1,778,131 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Global Net Lease by 93.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,497,508 shares of the financial services provider’s stock worth $33,611,000 after acquiring an additional 1,686,201 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of Global Net Lease by 65.9% in the third quarter. LSV Asset Management now owns 3,811,477 shares of the financial services provider’s stock valued at $36,628,000 after buying an additional 1,514,319 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Down 0.7 %

GNL opened at $6.78 on Monday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1.56 billion, a P/E ratio of -3.92, a PEG ratio of 0.87 and a beta of 1.34. Global Net Lease, Inc. has a 52 week low of $6.74 and a 52 week high of $11.83. The business’s fifty day simple moving average is $7.58 and its 200 day simple moving average is $8.43.

Global Net Lease Increases Dividend

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

Insider Activity at Global Net Lease

In related 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 transaction of $1,596,256.08. Following the sale, the insider now owns 4,078,465 shares of the company’s stock, valued at $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 4,837 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $8.90, for a total value of $43,049.30. Following the sale, the insider now directly owns 3,861,472 shares of the company’s stock, valued at approximately $34,367,100.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Nicholas S. Schorsch sold 176,577 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 4,078,465 shares in the company, valued at $36,869,323.60. The disclosure for this sale can be found here. Insiders have sold a total of 351,414 shares of company stock valued at $3,154,305 over the last quarter. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

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

About Global Net Lease

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.