Federated Hermes Inc. Lowers Holdings in Global Net Lease, Inc. (NYSE:GNL)

Federated Hermes Inc. reduced its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 94.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,855 shares of the financial services provider’s stock after selling 91,059 shares during the quarter. Federated Hermes Inc.’s holdings in Global Net Lease were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of GNL. Beaird Harris Wealth Management LLC bought a new position in Global Net Lease during the 3rd quarter worth about $26,000. Gradient Investments LLC lifted its stake in shares of Global Net Lease by 98.9% during the 3rd quarter. Gradient Investments LLC now owns 2,942 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,463 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Global Net Lease during the fourth quarter valued at about $31,000. Spire Wealth Management grew its stake in Global Net Lease by 221.9% in the third quarter. Spire Wealth Management now owns 3,299 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 2,274 shares during the last quarter. Finally, Wolff Wiese Magana LLC bought a new position in Global Net Lease in the third quarter worth about $34,000. 61.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on GNL. BMO Capital Markets began 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. JMP Securities reaffirmed a “market perform” rating on shares of Global Net Lease in a report on Thursday, April 18th. Truist Financial started coverage on Global Net Lease in a research report on Thursday, March 28th. They set a “hold” rating and a $7.00 price target on the stock. Finally, BTIG Research cut Global Net Lease from a “buy” rating to a “neutral” rating in a research report on Friday, March 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Global Net Lease currently has a consensus rating of “Hold” and an average price target of $12.00.

Global Net Lease Price Performance

Shares of NYSE GNL opened at $7.28 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.05 and a quick ratio of 0.05. The firm’s 50 day simple moving average is $7.24 and its 200-day simple moving average is $8.23. Global Net Lease, Inc. has a 12 month low of $6.52 and a 12 month high of $11.58. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -4.21, a PEG ratio of 0.92 and a beta of 1.34.

Global Net Lease Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were given a $0.275 dividend. The ex-dividend date was Wednesday, April 10th. This is a boost from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.11%. Global Net Lease’s payout ratio is -63.58%.

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.