Global Wealth Management Investment Advisory Inc. Decreases Stock Holdings in Global Net Lease, Inc. (NYSE:GNL)

Global Wealth Management Investment Advisory Inc. lowered its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 29.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,743 shares of the financial services provider’s stock after selling 4,990 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Global Net Lease were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Global Net Lease by 45.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 44,412 shares of the financial services provider’s stock worth $324,000 after buying an additional 13,894 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Global Net Lease by 3.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 218,427 shares of the financial services provider’s stock worth $1,595,000 after buying an additional 8,041 shares during the last quarter. abrdn plc increased its holdings in shares of Global Net Lease by 84.9% during the 4th quarter. abrdn plc now owns 72,630 shares of the financial services provider’s stock worth $525,000 after buying an additional 33,345 shares during the last quarter. EMC Capital Management increased its holdings in shares of Global Net Lease by 1,288.0% during the 4th quarter. EMC Capital Management now owns 34,840 shares of the financial services provider’s stock worth $254,000 after buying an additional 32,330 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Global Net Lease in the 4th quarter valued at approximately $141,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on GNL. Citizens Jmp upgraded shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. JMP Securities upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price for the company in a report on Tuesday, December 17th. Finally, Truist Financial dropped their target price on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a report on Friday, November 29th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Global Net Lease presently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Global Net Lease Stock Performance

NYSE:GNL opened at $7.10 on Tuesday. The company has a fifty day simple moving average of $7.21 and a two-hundred day simple moving average of $7.87. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -7.55 and a beta of 1.34. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. Global Net Lease, Inc. has a 52 week low of $6.52 and a 52 week high of $9.10.

Global Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were paid a $0.275 dividend. The ex-dividend date was Monday, January 13th. This represents a $1.10 annualized dividend and a dividend yield of 15.50%. Global Net Lease’s dividend payout ratio (DPR) is -117.02%.

About Global Net Lease

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.