Janney Montgomery Scott LLC Takes $953,000 Position in Global Net Lease, Inc. (NYSE:GNL)

Janney Montgomery Scott LLC acquired a new stake in Global Net Lease, Inc. (NYSE:GNLFree Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 95,805 shares of the financial services provider’s stock, valued at approximately $953,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Global Net Lease by 83.8% during the third quarter. Vanguard Group Inc. now owns 30,770,077 shares of the financial services provider’s stock worth $295,700,000 after acquiring an additional 14,033,117 shares in the last quarter. Citigroup Inc. boosted its stake in Global Net Lease by 69.2% during the third quarter. Citigroup Inc. now owns 160,515 shares of the financial services provider’s stock worth $1,543,000 after acquiring an additional 65,620 shares in the last quarter. Northern Trust Corp boosted its stake in Global Net Lease by 83.8% during the third quarter. Northern Trust Corp now owns 2,217,620 shares of the financial services provider’s stock worth $21,311,000 after acquiring an additional 1,011,160 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Global Net Lease by 93.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,497,508 shares of the financial services provider’s stock worth $33,611,000 after acquiring an additional 1,686,201 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Global Net Lease by 142.1% during the third quarter. Deutsche Bank AG now owns 216,084 shares of the financial services provider’s stock worth $2,077,000 after acquiring an additional 126,837 shares in the last quarter. 61.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Read Our Latest Report on GNL

Global Net Lease Stock Performance

Shares of GNL stock opened at $7.34 on Friday. The firm has a 50-day moving average of $7.28 and a 200-day moving average of $8.17. The company has a market cap of $1.69 billion, a P/E ratio of -4.03, a P/E/G ratio of 0.93 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.05 and a quick ratio of 0.05. Global Net Lease, Inc. has a one year low of $6.52 and a one year high of $11.58.

Global Net Lease Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $1.10 annualized dividend and a dividend yield of 14.99%. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s dividend payout ratio is currently -60.44%.

About Global Net Lease

(Free Report)

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.

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Institutional Ownership by Quarter for Global Net Lease (NYSE:GNL)

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