US Bancorp DE Has $44,000 Stock Holdings in Global Net Lease, Inc. (NYSE:GNL)

US Bancorp DE grew its position in Global Net Lease, Inc. (NYSE:GNL) by 363.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,072 shares of the financial services provider’s stock after purchasing an additional 4,761 shares during the period. US Bancorp DE’s holdings in Global Net Lease were worth $44,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. McIlrath & Eck LLC acquired a new stake in Global Net Lease in the third quarter worth $67,000. KBC Group NV raised its holdings in Global Net Lease by 37.4% in the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 2,535 shares during the period. Allworth Financial LP raised its holdings in Global Net Lease by 157.6% in the fourth quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 6,310 shares during the period. Abel Hall LLC acquired a new stake in shares of Global Net Lease during the third quarter worth $93,000. Finally, HB Wealth Management LLC acquired a new stake in shares of Global Net Lease during the fourth quarter worth $81,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Stock Down 1.8 %

Shares of GNL stock opened at $8.03 on Wednesday. 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, Inc. has a 1 year low of $6.52 and a 1 year high of $9.11. The firm’s fifty day moving average price is $7.43 and its two-hundred day moving average price is $7.73. The firm has a market capitalization of $1.85 billion, a P/E ratio of -8.54 and a beta of 1.33.

Global Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were paid a $0.275 dividend. The ex-dividend date was Monday, January 13th. This represents a $1.10 annualized dividend and a yield of 13.71%. Global Net Lease’s payout ratio is currently -144.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GNL. Citizens Jmp upgraded shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. JMP Securities upgraded shares of 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, Truist Financial lowered their price target on shares of 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. Two equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.