Charles Schwab Investment Management Inc. Increases Holdings in Global Net Lease, Inc. (NYSE:GNL)

Charles Schwab Investment Management Inc. lifted its position in Global Net Lease, Inc. (NYSE:GNL) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,171,758 shares of the financial services provider’s stock after purchasing an additional 112,908 shares during the period. Charles Schwab Investment Management Inc. owned 1.81% of Global Net Lease worth $30,454,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Metis Global Partners LLC boosted its holdings in shares of Global Net Lease by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 22,700 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 2,318 shares during the period. US Bancorp DE raised its stake in Global Net Lease by 363.2% in the fourth quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock worth $44,000 after buying an additional 4,761 shares in the last quarter. SVB Wealth LLC bought a new position in Global Net Lease in the fourth quarter worth approximately $146,000. Versor Investments LP raised its stake in Global Net Lease by 454.0% in the fourth quarter. Versor Investments LP now owns 144,600 shares of the financial services provider’s stock worth $1,056,000 after buying an additional 118,500 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Global Net Lease in the fourth quarter worth approximately $113,000. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Truist Financial reduced their price objective on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Friday, November 29th. Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note 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 objective for the company in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Global Net Lease presently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Global Net Lease Stock Performance

Shares of GNL stock opened at $8.06 on Monday. The business’s fifty day simple moving average is $7.40 and its 200-day simple moving average is $7.74. The company has a market cap of $1.86 billion, a PE ratio of -8.57 and a beta of 1.33. 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, Inc. has a 12-month low of $6.52 and a 12-month high of $9.11.

Global Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 13.66%. The ex-dividend date was Monday, January 13th. Global Net Lease’s payout ratio is presently -144.74%.

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.