Fox Run Management L.L.C. Purchases 2,425 Shares of Global Net Lease, Inc. (NYSE:GNL)

Fox Run Management L.L.C. lifted its position in Global Net Lease, Inc. (NYSE:GNL) by 7.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 36,168 shares of the financial services provider’s stock after acquiring an additional 2,425 shares during the period. Fox Run Management L.L.C.’s holdings in Global Net Lease were worth $264,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GNL. Intech Investment Management LLC bought a new stake in Global Net Lease in the third quarter worth about $434,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Global Net Lease by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock worth $34,176,000 after acquiring an additional 166,247 shares during the last quarter. Citigroup Inc. boosted its holdings in Global Net Lease by 52.8% during the 3rd quarter. Citigroup Inc. now owns 771,371 shares of the financial services provider’s stock valued at $6,495,000 after acquiring an additional 266,647 shares during the period. Cerity Partners LLC grew its position in Global Net Lease by 114.8% in the 3rd quarter. Cerity Partners LLC now owns 50,435 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 26,959 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Global Net Lease by 8.6% in the third quarter. Daiwa Securities Group Inc. now owns 66,214 shares of the financial services provider’s stock worth $558,000 after purchasing an additional 5,250 shares during the period. 61.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GNL has been the subject of a number of recent analyst reports. JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price for the company in a research note 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. Finally, Truist Financial reduced their target price on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Friday, November 29th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Global Net Lease Stock Down 0.3 %

NYSE:GNL opened at $7.97 on Friday. 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, Inc. has a 1-year low of $6.52 and a 1-year high of $9.11. The company has a 50-day moving average of $7.53 and a 200 day moving average of $7.71. The firm has a market cap of $1.84 billion, a PE ratio of -8.47 and a beta of 1.33.

Global Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were paid a dividend of $0.275 per share. The ex-dividend date was Monday, January 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 13.81%. Global Net Lease’s dividend payout ratio is presently -144.74%.

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.