Global Net Lease, Inc. (NYSE:GNL) Shares Purchased by Versor Investments LP

Versor Investments LP raised its position in Global Net Lease, Inc. (NYSE:GNL) by 454.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 144,600 shares of the financial services provider’s stock after purchasing an additional 118,500 shares during the period. Versor Investments LP owned 0.06% of Global Net Lease worth $1,056,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GNL. Creative Planning lifted its holdings in Global Net Lease by 8.0% in the 3rd quarter. Creative Planning now owns 77,867 shares of the financial services provider’s stock valued at $656,000 after purchasing an additional 5,784 shares in the last quarter. Private Advisor Group LLC purchased a new position in Global Net Lease in the 3rd quarter valued at $92,000. International Assets Investment Management LLC lifted its holdings in Global Net Lease by 1,756.3% in the 3rd quarter. International Assets Investment Management LLC now owns 34,305 shares of the financial services provider’s stock valued at $2,646,000 after purchasing an additional 32,457 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Global Net Lease by 14.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,601 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 1,962 shares in the last quarter. Finally, PFG Investments LLC lifted its holdings in Global Net Lease by 43.8% in the 3rd quarter. PFG Investments LLC now owns 31,204 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 9,500 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Truist Financial decreased their price objective on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 29th. JMP Securities upgraded 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. Finally, Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Global Net Lease Stock Up 1.8 %

Shares of GNL opened at $7.55 on Friday. The firm has a market cap of $1.74 billion, a P/E ratio of -8.03 and a beta of 1.34. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $9.10. The company’s 50-day moving average price is $7.22 and its 200 day moving average price is $7.77. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70.

Global Net Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were issued a $0.275 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 annualized dividend and a yield of 14.58%. Global Net Lease’s dividend payout ratio (DPR) is currently -117.02%.

Global Net Lease 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.