JPMorgan Chase & Co. Has $9.27 Million Stock Holdings in Global Net Lease, Inc. (NYSE:GNL)

JPMorgan Chase & Co. raised its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 107.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,269,118 shares of the financial services provider’s stock after acquiring an additional 656,890 shares during the period. JPMorgan Chase & Co. owned about 0.55% of Global Net Lease worth $9,265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Global Net Lease by 1.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,582 shares of the financial services provider’s stock worth $1,020,000 after purchasing an additional 1,465 shares during the period. Apeiron RIA LLC increased its stake in shares of Global Net Lease by 7.4% in the fourth quarter. Apeiron RIA LLC now owns 32,084 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 2,200 shares in the last quarter. Metis Global Partners LLC raised its position in shares of Global Net Lease by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 22,700 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 2,318 shares during the period. Fox Run Management L.L.C. lifted its stake in shares of Global Net Lease by 7.2% during the 4th quarter. Fox Run Management L.L.C. now owns 36,168 shares of the financial services provider’s stock valued at $264,000 after buying an additional 2,425 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its position in shares of Global Net Lease by 0.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 420,529 shares of the financial services provider’s stock valued at $3,070,000 after purchasing an additional 2,499 shares in the last quarter. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total value of $1,590,000.00. Following the transaction, the insider now directly owns 1,629,073 shares in the company, valued at $12,951,130.35. This trade represents a 10.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target on the stock in a report on Tuesday, December 17th. Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Global Net Lease presently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

Global Net Lease Trading Up 4.0 %

Shares of NYSE GNL opened at $7.49 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market cap of $1.71 billion, a P/E ratio of -7.96 and a beta of 1.19. The firm has a 50-day moving average of $7.60 and a 200 day moving average of $7.57. Global Net Lease, Inc. has a 1 year low of $6.51 and a 1 year high of $9.11.

Global Net Lease Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, April 11th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 10.15%. The ex-dividend date is Friday, April 11th. Global Net Lease’s payout ratio is -100.00%.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm 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.