International Assets Investment Management LLC Makes New $7.85 Million Investment in Global Net Lease, Inc. (NYSE:GNL)

International Assets Investment Management LLC purchased a new stake in shares of Global Net Lease, Inc. (NYSE:GNL) during the fourth 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 institutional investors and hedge funds also recently made changes to their positions in GNL. Vanguard Group Inc. lifted its holdings in Global Net Lease by 83.8% during the third 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 lifted its stake in shares of Global Net Lease by 8,487.0% during 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 buying an additional 4,776,310 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 worth $38,362,000 after buying an additional 1,778,131 shares during the period. Charles Schwab Investment Management Inc. grew its stake 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 buying an additional 1,686,201 shares in the last quarter. Finally, LSV Asset Management raised its holdings 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 acquiring an additional 1,514,319 shares during the period. Institutional investors own 61.19% of the company’s stock.

Global Net Lease Price Performance

NYSE:GNL opened at $7.28 on Tuesday. Global Net Lease, Inc. has a 52-week low of $6.52 and a 52-week high of $11.58. The stock has a fifty day moving average of $7.24 and a 200 day moving average of $8.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -4.21, a P/E/G ratio of 0.92 and a beta of 1.34.

Global Net Lease Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.11%. 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 -63.58%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. BTIG Research lowered Global Net Lease from a “buy” rating to a “neutral” rating in a report on Friday, March 8th. Truist Financial began coverage on Global Net Lease in a research note on Thursday, March 28th. They issued a “hold” rating and a $7.00 target price for the company. JMP Securities reiterated a “market perform” rating on shares of Global Net Lease in a research report on Thursday, April 18th. Finally, BMO Capital Markets initiated coverage on shares of Global Net Lease in a report on Tuesday, February 13th. They issued an “outperform” rating and a $11.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.00.

Global Net Lease Company 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.