Asset Management One Co. Ltd. Has $2.13 Million Stock Holdings in Global Net Lease, Inc. (NYSE:GNL)

Asset Management One Co. Ltd. raised its stake in Global Net Lease, Inc. (NYSE:GNL) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 295,822 shares of the financial services provider’s stock after buying an additional 15,372 shares during the quarter. Asset Management One Co. Ltd. owned 0.13% of Global Net Lease worth $2,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Global Net Lease by 1.9% during the third quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider’s stock worth $42,897,000 after buying an additional 95,769 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Global Net Lease by 4.3% in the third 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 buying an additional 166,247 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 purchasing an additional 835,830 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in Global Net Lease by 52.8% during the 3rd quarter. Citigroup Inc. now owns 771,371 shares of the financial services provider’s stock worth $6,495,000 after purchasing an additional 266,647 shares during the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Truist Financial lowered their price objective on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Friday, November 29th. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research note on Tuesday, December 17th. Three 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. Based on data from MarketBeat, Global Net Lease presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Global Net Lease Stock Performance

Shares of GNL opened at $7.17 on Thursday. 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 stock has a 50 day moving average price of $7.20 and a two-hundred day moving average price of $7.80. The firm has a market capitalization of $1.65 billion, a P/E ratio of -7.62 and a beta of 1.34. Global Net Lease, Inc. has a 52 week low of $6.52 and a 52 week high of $9.10.

Global Net Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 15.35%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s dividend payout ratio is currently -117.02%.

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.