Global Net Lease, Inc. (NYSE:GNL) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its stake in Global Net Lease, Inc. (NYSE:GNL) by 100.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,446 shares of the financial services provider’s stock after buying an additional 19,300 shares during the period. Handelsbanken Fonder AB’s holdings in Global Net Lease were worth $383,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position 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 purchasing an additional 14,033,117 shares during the last quarter. Hsbc Holdings PLC raised its position in 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 valued at $46,536,000 after purchasing an additional 4,776,310 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised 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. raised its position in Global Net Lease by 93.1% in 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 last quarter. Finally, LSV Asset Management raised its position in Global Net Lease by 65.9% in 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 last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Stock Down 0.5 %

Shares of Global Net Lease stock opened at $6.92 on Thursday. The company has a market cap of $1.60 billion, a P/E ratio of -4.00, a PEG ratio of 0.90 and a beta of 1.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.05 and a current ratio of 0.05. Global Net Lease, Inc. has a one year low of $6.52 and a one year high of $11.58. The firm has a fifty day moving average of $7.26 and a two-hundred day moving average of $8.26.

Global Net Lease Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.91%. The ex-dividend date of this dividend was Wednesday, April 10th. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s dividend payout ratio (DPR) is currently -63.58%.

Wall Street Analyst Weigh In

Several analysts recently commented on GNL shares. BTIG Research downgraded shares of Global Net Lease from a “buy” rating to a “neutral” rating in a research report on Friday, March 8th. JMP Securities restated a “market perform” rating on shares of Global Net Lease in a research report on Thursday, April 18th. BMO Capital Markets assumed coverage on shares of Global Net Lease in a research report on Tuesday, February 13th. They set an “outperform” rating and a $11.00 price objective for the company. Finally, Truist Financial assumed coverage on shares of Global Net Lease in a research report on Thursday, March 28th. They set a “hold” rating and a $7.00 price objective for the company. One equities 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. Based on data from MarketBeat, Global Net Lease presently has an average rating of “Hold” and an average 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.