Acorn Wealth Advisors LLC Increases Position in Global Net Lease, Inc. (NYSE:GNL)

Acorn Wealth Advisors LLC lifted its holdings in Global Net Lease, Inc. (NYSE:GNL) by 12.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,468 shares of the financial services provider’s stock after buying an additional 3,121 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in Global Net Lease were worth $208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Capital Advisory LLC bought a new stake in shares of Global Net Lease during the third quarter worth $34,000. McIlrath & Eck LLC purchased a new position in Global Net Lease in the 3rd quarter worth about $67,000. KBC Group NV lifted its holdings 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 valued at $78,000 after buying an additional 2,535 shares in the last quarter. Allworth Financial LP boosted its position in Global Net Lease by 157.6% in the 4th quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider’s stock valued at $74,000 after buying an additional 6,310 shares during the period. Finally, Private Advisor Group LLC bought a new position in Global Net Lease in the 3rd quarter worth about $92,000. 61.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

GNL has been the subject of several research analyst reports. Truist Financial decreased their price target on shares of 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. JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price for the company in a research 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. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Global Net Lease Price Performance

NYSE GNL opened at $7.32 on Wednesday. The company has a market cap of $1.69 billion, a PE ratio of -7.78 and a beta of 1.34. The firm’s 50 day moving average price is $7.21 and its 200-day moving average price is $7.77. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. Global Net Lease, Inc. has a 52-week low of $6.52 and a 52-week high of $9.10.

Global Net Lease Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were given a dividend of $0.275 per share. The ex-dividend date was Monday, January 13th. This represents a $1.10 annualized dividend and a yield of 15.04%. Global Net Lease’s dividend payout ratio (DPR) is presently -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.