Intech Investment Management LLC Boosts Stock Holdings in Global Net Lease, Inc. (NYSE:GNL)

Intech Investment Management LLC grew its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 161.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,962 shares of the financial services provider’s stock after purchasing an additional 83,437 shares during the quarter. Intech Investment Management LLC’s holdings in Global Net Lease were worth $985,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GNL. KBC Group NV increased its holdings in shares of Global Net Lease by 37.4% during the 3rd quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 2,535 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $34,176,000 after purchasing an additional 166,247 shares in the last quarter. Citigroup Inc. increased its holdings in shares of 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 purchasing an additional 266,647 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Global Net Lease by 114.8% during the 3rd quarter. Cerity Partners LLC now owns 50,435 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 26,959 shares in the last quarter. Finally, Algert Global LLC increased its holdings in shares of Global Net Lease by 255.4% during the 3rd quarter. Algert Global LLC now owns 277,584 shares of the financial services provider’s stock valued at $2,337,000 after purchasing an additional 199,480 shares in the last quarter. 61.19% of the stock is owned by hedge funds and other institutional investors.

Global Net Lease Price Performance

Shares of NYSE GNL opened at $7.81 on Friday. Global Net Lease, Inc. has a one year low of $6.52 and a one year high of $9.11. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a fifty day moving average of $7.46 and a 200 day moving average of $7.72. The firm has a market cap of $1.80 billion, a PE ratio of -8.30 and a beta of 1.33.

Global Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders 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 annualized dividend and a yield of 14.09%. Global Net Lease’s dividend payout ratio (DPR) is presently -144.74%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Truist Financial cut their target price on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a report on Friday, November 29th. JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a report on Tuesday, December 17th. Finally, Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Global Net Lease presently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

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.