Creative Financial Designs Inc. ADV Grows Stake in Global Net Lease, Inc. (NYSE:GNL)

Creative Financial Designs Inc. ADV boosted its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 119.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,659 shares of the financial services provider’s stock after purchasing an additional 3,624 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Global Net Lease were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of GNL. US Bancorp DE increased its holdings in shares of Global Net Lease by 363.2% in the 4th quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 4,761 shares during the period. McIlrath & Eck LLC acquired a new stake in Global Net Lease during the 3rd quarter worth about $67,000. Allworth Financial LP lifted its position in Global Net Lease by 157.6% during the 4th quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 6,310 shares during the period. KBC Group NV lifted its position in Global Net Lease by 37.4% during the 3rd quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 2,535 shares during the period. Finally, HB Wealth Management LLC acquired a new position in shares of Global Net Lease in the 4th quarter valued at about $81,000. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GNL shares. JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a report on Tuesday, December 17th. Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Truist Financial cut their price objective on 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. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Global Net Lease presently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

Global Net Lease Price Performance

NYSE:GNL opened at $7.81 on Friday. Global Net Lease, Inc. has a 12 month low of $6.52 and a 12 month high of $9.11. The stock has a 50 day moving average of $7.46 and a two-hundred day moving average of $7.73. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1.80 billion, a P/E ratio of -8.30 and a beta of 1.33.

Global Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 14.09%. The ex-dividend date was Monday, January 13th. Global Net Lease’s dividend payout ratio is currently -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.