Global Net Lease, Inc. (NYSE:GNL) Stake Boosted by Corient Private Wealth LLC

Corient Private Wealth LLC grew its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,344,533 shares of the financial services provider’s stock after purchasing an additional 21,823 shares during the quarter. Corient Private Wealth LLC owned approximately 1.02% of Global Net Lease worth $17,115,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. US Bancorp DE grew its holdings in shares of Global Net Lease by 363.2% during the fourth quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 4,761 shares during the last quarter. McIlrath & Eck LLC bought a new position in Global Net Lease in the 3rd quarter worth approximately $67,000. KBC Group NV grew its holdings 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 worth $78,000 after buying an additional 2,535 shares in the last quarter. Allworth Financial LP grew 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 in the last quarter. Finally, Abel Hall LLC bought a new position in Global Net Lease in the 3rd quarter worth approximately $93,000. 61.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GNL shares. JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a report on Tuesday, December 17th. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Truist Financial decreased their price target on Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Friday, November 29th. Two 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 company’s 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 Stock Performance

Shares of NYSE GNL opened at $8.03 on Wednesday. The stock has a fifty day moving average price of $7.43 and a two-hundred day moving average price of $7.73. 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 market cap of $1.85 billion, a P/E ratio of -8.54 and a beta of 1.33. Global Net Lease, Inc. has a 1 year low of $6.52 and a 1 year high of $9.11.

Global Net Lease Dividend Announcement

The business also recently disclosed 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 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 (DPR) is presently -144.74%.

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.