GWN Securities Inc. Takes Position in Global Net Lease, Inc. (NYSE:GNL)

GWN Securities Inc. bought a new stake in Global Net Lease, Inc. (NYSE:GNL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,374 shares of the financial services provider’s stock, valued at approximately $161,000.

Several other large investors have also modified their holdings of GNL. Geode Capital Management LLC boosted its stake in Global Net Lease by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider’s stock worth $42,897,000 after purchasing an additional 95,769 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Global Net Lease by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,171,758 shares of the financial services provider’s stock worth $30,454,000 after purchasing an additional 112,908 shares during the period. Corient Private Wealth LLC boosted its stake in Global Net Lease by 0.9% during the 4th quarter. Corient Private Wealth LLC now owns 2,344,533 shares of the financial services provider’s stock worth $17,115,000 after purchasing an additional 21,823 shares during the period. Advisors Asset Management Inc. boosted its stake in Global Net Lease by 12.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock worth $9,345,000 after purchasing an additional 120,610 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Global Net Lease by 392.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock worth $8,829,000 after buying an additional 835,830 shares during the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Stock Performance

Shares of GNL opened at $8.03 on Wednesday. The company has a 50-day simple moving average of $7.43 and a 200-day simple moving average of $7.73. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.85 billion, a PE ratio of -8.54 and a beta of 1.33. Global Net Lease, Inc. has a 52-week low of $6.52 and a 52-week high of $9.11.

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 13.71%. Global Net Lease’s dividend payout ratio is presently -144.74%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Truist Financial cut their price objective on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Friday, November 29th. Citizens Jmp upgraded shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, JMP Securities upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a research report on Tuesday, December 17th. Two investment 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, the company currently has an average rating of “Moderate Buy” and an average 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.