Advisors Asset Management Inc. Buys 320,738 Shares of Global Net Lease, Inc. (NYSE:GNL)

Advisors Asset Management Inc. boosted its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 28.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,430,580 shares of the financial services provider’s stock after buying an additional 320,738 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.62% of Global Net Lease worth $10,443,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GNL. KBC Group NV raised its stake in shares of Global Net Lease by 37.4% during the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 2,535 shares in the last quarter. Metis Global Partners LLC raised its position in Global Net Lease by 32.8% during the 3rd quarter. Metis Global Partners LLC now owns 20,382 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 5,037 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of Global Net Lease by 155.9% in the 3rd quarter. Quest Partners LLC now owns 84,881 shares of the financial services provider’s stock worth $715,000 after buying an additional 51,713 shares during the period. Intech Investment Management LLC bought a new position in shares of Global Net Lease during the 3rd quarter worth $434,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Global Net Lease by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock valued at $34,176,000 after buying an additional 166,247 shares during the period. 61.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on GNL. Truist Financial dropped their target price on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 29th. JMP Securities upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research note on Tuesday, December 17th. Finally, Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Global Net Lease Stock Up 1.4 %

Shares of Global Net Lease stock opened at $8.18 on Tuesday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market cap of $1.89 billion, a P/E ratio of -8.70 and a beta of 1.33. The firm’s 50 day moving average price is $7.42 and its 200-day moving average price is $7.73. Global Net Lease, Inc. has a 52-week low of $6.52 and a 52-week high of $9.11.

Global Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 13.46%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s dividend payout ratio is currently -144.74%.

Global Net Lease Company 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.