Swiss National Bank Increases Stock Position in Global Net Lease, Inc. (NYSE:GNL)

Swiss National Bank lifted its stake in Global Net Lease, Inc. (NYSE:GNL) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 385,257 shares of the financial services provider’s stock after acquiring an additional 3,100 shares during the quarter. Swiss National Bank owned 0.17% of Global Net Lease worth $2,812,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its stake in Global Net Lease by 10.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 16,023 shares of the financial services provider’s stock valued at $135,000 after buying an additional 1,574 shares during the last quarter. Apeiron RIA LLC grew its holdings in shares of Global Net Lease by 7.4% in the fourth quarter. Apeiron RIA LLC now owns 32,084 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 2,200 shares during the period. Metis Global Partners LLC increased its position in Global Net Lease by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 22,700 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 2,318 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in Global Net Lease by 0.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 420,529 shares of the financial services provider’s stock valued at $3,070,000 after acquiring an additional 2,499 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in Global Net Lease by 1.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 245,400 shares of the financial services provider’s stock worth $2,066,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors own 61.19% of the company’s stock.

Global Net Lease Price Performance

NYSE GNL opened at $8.00 on Thursday. 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 12 month low of $6.52 and a 12 month high of $9.11. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -8.51 and a beta of 1.33. The company’s 50 day moving average is $7.52 and its two-hundred day moving average is $7.71.

Global Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 13.76%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s dividend payout ratio (DPR) is -144.74%.

Analyst Ratings Changes

Several equities research analysts have recently commented on GNL shares. JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research report on Tuesday, December 17th. 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, 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. Two research 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.