Global Net Lease, Inc. (NYSE:GNL) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 3.8% during the 4th quarter, Holdings Channel reports. The fund owned 59,101 shares of the financial services provider’s stock after selling 2,363 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Global Net Lease were worth $588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Beaird Harris Wealth Management LLC acquired a new position in shares of Global Net Lease in the third quarter worth about $26,000. Gradient Investments LLC boosted its position in Global Net Lease by 98.9% during the third quarter. Gradient Investments LLC now owns 2,942 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,463 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in Global Net Lease in the third quarter valued at approximately $31,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Global Net Lease in the fourth quarter valued at approximately $31,000. Finally, Spire Wealth Management raised its stake in shares of Global Net Lease by 221.9% during the 3rd quarter. Spire Wealth Management now owns 3,299 shares of the financial services provider’s stock worth $32,000 after buying an additional 2,274 shares during the period. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Global Net Lease Stock Performance

NYSE:GNL opened at $6.93 on Friday. The company has a market cap of $1.60 billion, a P/E ratio of -4.00, a P/E/G ratio of 0.88 and a beta of 1.34. Global Net Lease, Inc. has a twelve month low of $6.52 and a twelve month high of $11.58. The company’s 50-day moving average price is $7.36 and its 200-day moving average price is $8.31. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.66.

Global Net Lease Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, April 11th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 15.88%. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, April 10th. Global Net Lease’s dividend payout ratio (DPR) is -63.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GNL shares. JMP Securities reissued a “market perform” rating on shares of Global Net Lease in a research note on Thursday, April 18th. BTIG Research cut 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 shares of Global Net Lease in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $11.00 price target on the stock. Finally, Truist Financial began coverage on Global Net Lease in a report on Thursday, March 28th. They issued a “hold” rating and a $7.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Global Net Lease currently has an average rating of “Hold” and a consensus price target of $12.00.

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.