Proficio Capital Partners LLC Buys Shares of 15,505 Global Net Lease, Inc. (NYSE:GNL)

Proficio Capital Partners LLC purchased a new stake in Global Net Lease, Inc. (NYSE:GNL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,505 shares of the financial services provider’s stock, valued at approximately $113,000.

Several other large investors have also recently made changes to their positions in the stock. McIlrath & Eck LLC acquired a new stake in Global Net Lease during the 3rd quarter worth approximately $67,000. Allworth Financial LP lifted its holdings in Global Net Lease by 157.6% during the 4th quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider’s stock worth $74,000 after buying an additional 6,310 shares in the last quarter. KBC Group NV lifted its holdings in Global Net Lease by 37.4% during the 3rd quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock worth $78,000 after buying an additional 2,535 shares in the last quarter. HB Wealth Management LLC acquired a new stake in Global Net Lease during the 4th quarter worth approximately $81,000. Finally, Abel Hall LLC acquired a new stake in Global Net Lease during the 3rd quarter worth approximately $93,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Trading Down 0.7 %

Shares of NYSE:GNL opened at $7.83 on Thursday. Global Net Lease, Inc. has a 52 week low of $6.52 and a 52 week high of $9.11. The company’s 50 day moving average is $7.37 and its two-hundred day moving average is $7.75. 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 cap of $1.81 billion, a PE ratio of -8.33 and a beta of 1.33.

Global Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 14.04%. The ex-dividend date was Monday, January 13th. Global Net Lease’s dividend payout ratio (DPR) is -144.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JMP Securities upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a report on Tuesday, December 17th. Truist Financial dropped their price objective on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Friday, November 29th. Finally, Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, three have issued 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 a consensus 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.