Nomura Asset Management Co. Ltd. Buys 10,200 Shares of Global Net Lease, Inc. (NYSE:GNL)

Nomura Asset Management Co. Ltd. lifted its position in Global Net Lease, Inc. (NYSE:GNL) by 4.2% during the 4th quarter, HoldingsChannel reports. The firm owned 255,600 shares of the financial services provider’s stock after acquiring an additional 10,200 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Global Net Lease were worth $1,866,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in Global Net Lease during the 4th quarter valued at approximately $3,219,000. Blair William & Co. IL boosted its position in shares of Global Net Lease by 13.2% during the 4th quarter. Blair William & Co. IL now owns 12,300 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 1,433 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Global Net Lease by 107.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,269,118 shares of the financial services provider’s stock valued at $9,265,000 after purchasing an additional 656,890 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Global Net Lease by 1.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,582 shares of the financial services provider’s stock worth $1,020,000 after purchasing an additional 1,465 shares during the last quarter. Finally, TrueMark Investments LLC raised its stake in Global Net Lease by 65.1% during the fourth quarter. TrueMark Investments LLC now owns 766,419 shares of the financial services provider’s stock valued at $5,595,000 after purchasing an additional 302,327 shares in the last quarter. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Global Net Lease Price Performance

Global Net Lease stock opened at $7.96 on Thursday. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $9.11. 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 50-day moving average price of $7.59 and a 200-day moving average price of $7.68. The firm has a market capitalization of $1.84 billion, a PE ratio of -8.47 and a beta of 1.18.

Global Net Lease Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, April 11th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.76 annualized dividend and a dividend yield of 9.55%. Global Net Lease’s dividend payout ratio (DPR) is -144.74%.

Analyst Upgrades and Downgrades

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

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.