Ascent Capital Management LLC Invests $239,000 in Global Net Lease, Inc. (NYSE:GNL)

Ascent Capital Management LLC purchased a new stake in shares of Global Net Lease, Inc. (NYSE:GNL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 32,787 shares of the financial services provider’s stock, valued at approximately $239,000.

Several other institutional investors also recently modified their holdings of the business. Sunbelt Securities Inc. lifted its stake in Global Net Lease by 10.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 16,023 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 1,574 shares during the period. Apeiron RIA LLC raised its holdings in shares of Global Net Lease by 7.4% during the fourth quarter. Apeiron RIA LLC now owns 32,084 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 2,200 shares during the last quarter. Metis Global Partners LLC lifted its position in Global Net Lease by 11.4% during 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. Atria Wealth Solutions Inc. boosted its holdings in 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 worth $3,070,000 after purchasing an additional 2,499 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in Global Net Lease by 1.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 245,400 shares of the financial services provider’s stock worth $2,066,000 after purchasing an additional 2,500 shares during the period. 61.19% of the stock is owned by hedge funds and other institutional investors.

Global Net Lease Trading Up 3.3 %

NYSE:GNL opened at $8.06 on Friday. Global Net Lease, Inc. has a one year low of $6.52 and a one year high of $9.11. The business has a fifty day moving average price of $7.40 and a 200-day moving average price of $7.74. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -8.57 and a beta of 1.33. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06.

Global Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 13.66%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s payout ratio is -144.74%.

Analysts Set New Price Targets

Several equities analysts have recently 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 Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Truist Financial cut their price target on Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

About Global Net Lease

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.