Allworth Financial LP Boosts Position in Global Net Lease, Inc. (NYSE:GNL)

Allworth Financial LP grew its holdings in Global Net Lease, Inc. (NYSE:GNL) by 157.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,314 shares of the financial services provider’s stock after acquiring an additional 6,310 shares during the period. Allworth Financial LP’s holdings in Global Net Lease were worth $74,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Global Net Lease by 392.8% in the third 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 buying an additional 835,830 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Global Net Lease by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock worth $34,176,000 after purchasing an additional 166,247 shares during the period. Geode Capital Management LLC increased its holdings in shares of Global Net Lease by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider’s stock valued at $42,897,000 after purchasing an additional 95,769 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Global Net Lease by 31.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 612,228 shares of the financial services provider’s stock valued at $5,155,000 after purchasing an additional 147,803 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in Global Net Lease by 12.2% during the third quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock worth $9,345,000 after buying an additional 120,610 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Price Performance

NYSE:GNL opened at $7.27 on Tuesday. The firm has a market cap of $1.68 billion, a P/E ratio of -7.73 and a beta of 1.34. The stock has a 50 day moving average of $7.21 and a two-hundred day moving average of $7.78. Global Net Lease, Inc. has a 12 month low of $6.52 and a 12 month high of $9.10. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 15.14%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s dividend payout ratio is currently -117.02%.

Wall Street Analyst Weigh In

GNL has been the subject of a number of analyst reports. 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. Truist Financial dropped their price objective on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 29th. Finally, JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price for the company in a research note 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.