International Assets Investment Management LLC Acquires New Shares in Global Net Lease, Inc. (NYSE:GNL)

International Assets Investment Management LLC bought a new position in Global Net Lease, Inc. (NYSE:GNL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 78,088 shares of the financial services provider’s stock, valued at approximately $7,848,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its holdings in Global Net Lease by 66.0% in the third quarter. Commonwealth Equity Services LLC now owns 270,819 shares of the financial services provider’s stock worth $2,603,000 after buying an additional 107,680 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Global Net Lease by 148.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 358,480 shares of the financial services provider’s stock worth $3,445,000 after purchasing an additional 214,477 shares during the last quarter. Xponance Inc. bought a new position in shares of Global Net Lease during the 3rd quarter valued at $111,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Global Net Lease in the 3rd quarter valued at $145,000. Finally, Bank of New York Mellon Corp boosted its holdings in Global Net Lease by 75.2% in the third quarter. Bank of New York Mellon Corp now owns 1,664,597 shares of the financial services provider’s stock worth $15,997,000 after purchasing an additional 714,558 shares in the last quarter. 61.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JMP Securities restated a “market perform” rating on shares of Global Net Lease in a report on Thursday, April 18th. BTIG Research lowered Global Net Lease from a “buy” rating to a “neutral” rating in a report on Friday, March 8th. Truist Financial started coverage on Global Net Lease in a research report on Thursday, March 28th. They set a “hold” rating and a $7.00 target price for the company. Finally, BMO Capital Markets initiated coverage on shares of Global Net Lease in a research report on Tuesday, February 13th. They issued an “outperform” rating and a $11.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.00.

Global Net Lease Price Performance

NYSE GNL opened at $7.28 on Tuesday. The stock has a 50-day simple moving average of $7.24 and a 200 day simple moving average of $8.23. Global Net Lease, Inc. has a twelve month low of $6.52 and a twelve month high of $11.58. The stock has a market capitalization of $1.68 billion, a PE ratio of -4.21, a P/E/G ratio of 0.92 and a beta of 1.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.05 and a current ratio of 0.05.

Global Net Lease Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were issued a dividend of $0.275 per share. The ex-dividend date was Wednesday, April 10th. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.11%. Global Net Lease’s payout ratio is -63.58%.

Global Net Lease Company Profile

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.