6,205 Shares in Global Net Lease, Inc. (NYSE:GNL) Acquired by GAMMA Investing LLC

GAMMA Investing LLC acquired a new stake in Global Net Lease, Inc. (NYSE:GNL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,205 shares of the financial services provider’s stock, valued at approximately $62,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of 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 valued at $295,700,000 after purchasing an additional 14,033,117 shares during the last quarter. Hsbc Holdings PLC boosted its position 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 worth $46,536,000 after purchasing an additional 4,776,310 shares during the period. Mirae Asset Global Investments Co. Ltd. increased 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 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 third 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 period. Finally, LSV Asset Management lifted its stake in Global Net Lease by 65.9% during the third quarter. LSV Asset Management now owns 3,811,477 shares of the financial services provider’s stock worth $36,628,000 after purchasing an additional 1,514,319 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Truist Financial initiated 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. 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 target on the stock. BTIG Research downgraded shares of Global Net Lease from a “buy” rating to a “neutral” rating in a research note on Friday, March 8th. Finally, JMP Securities reissued a “market perform” rating on shares of Global Net Lease in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Global Net Lease presently has a consensus rating of “Hold” and a consensus target price of $12.00.

Global Net Lease Stock Down 0.5 %

Shares of Global Net Lease stock opened at $6.92 on Thursday. Global Net Lease, Inc. has a 52-week low of $6.52 and a 52-week high of $11.58. The company has a 50 day moving average of $7.26 and a 200 day moving average of $8.26. 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 company has a market capitalization of $1.60 billion, a P/E ratio of -4.00, a P/E/G ratio of 0.90 and a beta of 1.34.

Global Net Lease Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Thursday, April 11th were paid a dividend of $0.275 per share. The ex-dividend date was Wednesday, April 10th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.91%. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s payout ratio is presently -63.58%.

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.