Global Net Lease, Inc. (NYSE:GNL) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its holdings in Global Net Lease, Inc. (NYSE:GNL) by 28.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,430,580 shares of the financial services provider’s stock after buying an additional 320,738 shares during the period. Advisors Asset Management Inc.’s holdings in Global Net Lease were worth $10,443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. US Bancorp DE grew its position in Global Net Lease by 363.2% during the 4th quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 4,761 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Global Net Lease by 119.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 6,659 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 3,624 shares in the last quarter. McIlrath & Eck LLC acquired a new position in shares of Global Net Lease during the 3rd quarter worth about $67,000. KBC Group NV lifted its stake in Global Net Lease by 37.4% in the 3rd quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock valued at $78,000 after buying an additional 2,535 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Global Net Lease by 157.6% in the 4th quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider’s stock worth $74,000 after buying an additional 6,310 shares during the last quarter. 61.19% of the stock is owned by hedge funds and other institutional investors.

Global Net Lease Stock Performance

Shares of Global Net Lease stock opened at $8.18 on Tuesday. The business’s 50 day moving average price is $7.42 and its 200 day moving average price is $7.73. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -8.70 and a beta of 1.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. Global Net Lease, Inc. has a one year low of $6.52 and a one year high of $9.11.

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 annualized dividend and a dividend yield of 13.46%. Global Net Lease’s payout ratio is -144.74%.

Wall Street Analysts Forecast Growth

GNL has been the topic of several research reports. Truist Financial decreased their target price on 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. JMP Securities upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock 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 research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

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.