Global Net Lease, Inc. (NYSE:GNL) Stock Position Decreased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its stake in Global Net Lease, Inc. (NYSE:GNL) by 64.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,567 shares of the financial services provider’s stock after selling 10,034 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Global Net Lease were worth $40,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Global Net Lease by 60.1% during the third quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,897 shares in the last quarter. Creative Planning increased its stake in shares of Global Net Lease by 8.0% in the third quarter. Creative Planning now owns 77,867 shares of the financial services provider’s stock worth $656,000 after acquiring an additional 5,784 shares during the last quarter. Cobblestone Asset Management LLC increased its stake in shares of Global Net Lease by 4.2% during the 3rd quarter. Cobblestone Asset Management LLC now owns 44,537 shares of the financial services provider’s stock worth $375,000 after purchasing an additional 1,804 shares during the last quarter. Signaturefd LLC raised its holdings in Global Net Lease by 18.7% during the third quarter. Signaturefd LLC now owns 14,726 shares of the financial services provider’s stock valued at $124,000 after buying an additional 2,316 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Global Net Lease in the 3rd quarter worth approximately $92,000. 61.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GNL shares. Citizens Jmp upgraded shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. 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. Finally, Truist Financial lowered their price objective on 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. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Global Net Lease presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Global Net Lease Price Performance

NYSE:GNL opened at $7.12 on Friday. 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 $1.64 billion, a price-to-earnings ratio of -7.57 and a beta of 1.34. The firm’s 50-day simple moving average is $7.20 and its 200 day simple moving average is $7.83. Global Net Lease, Inc. has a 52 week low of $6.52 and a 52 week high of $9.10.

Global Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 15.46%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s payout ratio is -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.