QRG Capital Management Inc. Cuts Holdings in Global Net Lease, Inc. (NYSE:GNL)

QRG Capital Management Inc. trimmed its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 32.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,429 shares of the financial services provider’s stock after selling 5,042 shares during the quarter. QRG Capital Management Inc.’s holdings in Global Net Lease were worth $76,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GNL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Global Net Lease by 392.8% during 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 valued at $8,829,000 after buying an additional 835,830 shares during the period. Citigroup Inc. grew its holdings in Global Net Lease by 52.8% in the third quarter. Citigroup Inc. now owns 771,371 shares of the financial services provider’s stock worth $6,495,000 after purchasing an additional 266,647 shares during the last quarter. Barclays PLC grew its holdings in Global Net Lease by 312.3% in the third quarter. Barclays PLC now owns 339,701 shares of the financial services provider’s stock worth $2,859,000 after purchasing an additional 257,310 shares during the last quarter. Algert Global LLC grew its holdings in Global Net Lease by 255.4% in the third quarter. Algert Global LLC now owns 277,584 shares of the financial services provider’s stock worth $2,337,000 after purchasing an additional 199,480 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Global Net Lease by 4.3% in the third 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 last quarter. 61.19% of the stock is owned by hedge funds and other institutional investors.

Global Net Lease Trading Up 0.4 %

NYSE:GNL opened at $8.15 on Friday. Global Net Lease, Inc. has a 12 month low of $6.52 and a 12 month high of $9.11. The firm has a fifty day simple moving average of $7.32 and a 200-day simple moving average of $7.77. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.88 billion, a P/E ratio of -8.67 and a beta of 1.34.

Global Net Lease Dividend Announcement

The business also recently disclosed 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 was Monday, January 13th. This represents a $1.10 annualized dividend and a dividend yield of 13.50%. Global Net Lease’s payout ratio is currently -144.74%.

Analysts Set New Price Targets

Several equities analysts have issued reports on GNL shares. Truist Financial cut 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 report on Friday, November 29th. Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target on the stock in a report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.50.

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.