Global Net Lease, Inc. (NYSE:GNL) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in Global Net Lease, Inc. (NYSE:GNL) by 10.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,101 shares of the financial services provider’s stock after buying an additional 3,594 shares during the period. Van ECK Associates Corp’s holdings in Global Net Lease were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of GNL. Sunbelt Securities Inc. boosted its stake in Global Net Lease by 10.9% during the third quarter. Sunbelt Securities Inc. now owns 16,023 shares of the financial services provider’s stock worth $135,000 after buying an additional 1,574 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Global Net Lease by 14.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,601 shares of the financial services provider’s stock valued at $133,000 after buying an additional 1,962 shares in the last quarter. Apeiron RIA LLC grew its holdings in shares of Global Net Lease by 7.4% during the fourth quarter. Apeiron RIA LLC now owns 32,084 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 2,200 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Global Net Lease by 18.7% during the third quarter. Signaturefd LLC now owns 14,726 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 2,316 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Global Net Lease by 1.0% during 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. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Stock Down 0.2 %

Shares of NYSE:GNL opened at $7.25 on Monday. 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 company has a market cap of $1.67 billion, a PE ratio of -7.71 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. The firm has a 50 day simple moving average of $7.21 and a 200 day simple moving average of $7.78.

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 annualized dividend and a dividend yield of 15.18%. Global Net Lease’s dividend payout ratio (DPR) is -117.02%.

Analyst Ratings Changes

GNL has been the topic of a number of research reports. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Truist Financial reduced their price target 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. Finally, JMP Securities upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a research report on Tuesday, December 17th. Three 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.50.

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.