Global Net Lease, Inc. (NYSE:GNL) Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC grew its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 0.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,344,533 shares of the financial services provider’s stock after buying an additional 21,823 shares during the quarter. Corient Private Wealth LLC’s holdings in Global Net Lease were worth $17,115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE lifted its position in shares of Global Net Lease by 363.2% during 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 last quarter. McIlrath & Eck LLC acquired a new stake in shares of Global Net Lease during the 3rd quarter valued at $67,000. Allworth Financial LP lifted its holdings in shares of Global Net Lease by 157.6% in the fourth quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 6,310 shares in the last quarter. KBC Group NV lifted its holdings in shares of Global Net Lease by 37.4% in the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 2,535 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new stake in shares of Global Net Lease in the fourth quarter valued at $81,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Trading Down 1.8 %

NYSE GNL opened at $8.03 on Wednesday. Global Net Lease, Inc. has a 1-year low of $6.52 and a 1-year 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 company has a market capitalization of $1.85 billion, a PE ratio of -8.54 and a beta of 1.33. The firm’s fifty day simple moving average is $7.43 and its 200-day simple moving average is $7.73.

Global Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 13.71%. The ex-dividend date was Monday, January 13th. Global Net Lease’s dividend payout ratio (DPR) is presently -144.74%.

Analyst Ratings Changes

A number of analysts have recently issued reports on GNL shares. Truist Financial reduced their target price on Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a report on Friday, November 29th. JMP Securities upgraded 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, Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Two investment 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $9.50.

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.