Global Net Lease, Inc. (NYSE:GNL) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. raised its stake in Global Net Lease, Inc. (NYSE:GNL) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,120 shares of the financial services provider’s stock after purchasing an additional 12,950 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.10% of Global Net Lease worth $2,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Gradient Investments LLC increased its holdings in shares of Global Net Lease by 98.9% in the 3rd quarter. Gradient Investments LLC now owns 2,942 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 1,463 shares during the last quarter. Raleigh Capital Management Inc. raised its position in shares of Global Net Lease by 59.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 4,249 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,579 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Global Net Lease by 1.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 136,718 shares of the financial services provider’s stock worth $1,360,000 after acquiring an additional 1,968 shares in the last quarter. LDR Capital Management LLC raised its position in shares of Global Net Lease by 1.9% during the 3rd quarter. LDR Capital Management LLC now owns 104,878 shares of the financial services provider’s stock worth $1,008,000 after acquiring an additional 1,972 shares in the last quarter. Finally, Spire Wealth Management raised its position in shares of Global Net Lease by 221.9% during the 3rd quarter. Spire Wealth Management now owns 3,299 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 2,274 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Analysts Set New Price Targets

GNL has been the topic of several research analyst reports. BTIG Research lowered Global Net Lease from a “buy” rating to a “neutral” rating in a research report on Friday, March 8th. BMO Capital Markets initiated coverage on Global Net Lease in a research report on Tuesday, February 13th. They set an “outperform” rating and a $11.00 target price on the stock. JMP Securities reissued a “market perform” rating on shares of Global Net Lease in a research report on Thursday, April 18th. Finally, Truist Financial initiated coverage on Global Net Lease in a research report on Thursday, March 28th. They set a “hold” rating and a $7.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.00.

Global Net Lease Trading Up 1.2 %

GNL opened at $6.96 on Thursday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -4.02, a price-to-earnings-growth ratio of 0.88 and a beta of 1.34. Global Net Lease, Inc. has a 52 week low of $6.52 and a 52 week high of $11.58. The business’s 50 day moving average is $7.38 and its two-hundred day moving average is $8.32. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.66.

Global Net Lease Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, April 11th were given a dividend of $0.275 per share. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $1.10 annualized dividend and a yield of 15.82%. Global Net Lease’s payout ratio is -63.58%.

Insiders Place Their Bets

In other news, major shareholder Nicholas S. Schorsch sold 4,837 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $8.90, for a total value of $43,049.30. Following the transaction, the insider now owns 3,861,472 shares of the company’s stock, valued at $34,367,100.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by corporate insiders.

About Global Net Lease

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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.