Newbridge Financial Services Group Inc. Has $1.83 Million Holdings in Global Net Lease, Inc. (NYSE:GNL)

Newbridge Financial Services Group Inc. grew its holdings in shares of Global Net Lease, Inc. (NYSE:GNLFree Report) by 59.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,722 shares of the financial services provider’s stock after purchasing an additional 68,246 shares during the period. Global Net Lease comprises 0.9% of Newbridge Financial Services Group Inc.’s holdings, making the stock its 15th largest holding. Newbridge Financial Services Group Inc. owned 0.08% of Global Net Lease worth $1,828,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GNL. Vanguard Group Inc. increased its stake in Global Net Lease by 10.3% in the fourth quarter. Vanguard Group Inc. now owns 33,932,387 shares of the financial services provider’s stock valued at $337,627,000 after acquiring an additional 3,162,310 shares during the last quarter. Scarborough Advisors LLC bought a new position in Global Net Lease in the fourth quarter valued at approximately $25,000. CastleKnight Management LP grew its stake in shares of Global Net Lease by 59.2% during the fourth quarter. CastleKnight Management LP now owns 1,164,081 shares of the financial services provider’s stock worth $11,583,000 after buying an additional 432,729 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Global Net Lease by 1.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 219,851 shares of the financial services provider’s stock worth $2,188,000 after buying an additional 3,044 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Global Net Lease by 0.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 360,146 shares of the financial services provider’s stock worth $3,583,000 after buying an additional 1,666 shares during the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Price Performance

Shares of NYSE:GNL traded down $0.03 during mid-day trading on Tuesday, reaching $7.16. 55,069 shares of the company’s stock were exchanged, compared to its average volume of 1,489,331. The business’s fifty day moving average price is $7.25 and its 200-day moving average price is $8.05. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.05 and a quick ratio of 0.05. Global Net Lease, Inc. has a twelve month low of $6.52 and a twelve month high of $11.58.

Global Net Lease Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.36%. The ex-dividend date was Wednesday, April 10th. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s payout ratio is -60.44%.

Analysts Set New Price Targets

A number of analysts have weighed in on GNL shares. JMP Securities reaffirmed a “market perform” rating on shares of Global Net Lease in a research note on Wednesday, June 12th. Truist Financial started coverage on shares of Global Net Lease in a research note on Thursday, March 28th. They set a “hold” rating and a $7.00 target price on the stock. Finally, BTIG Research cut shares of Global Net Lease from a “buy” rating to a “neutral” rating in a research note on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.00.

Check Out Our Latest Stock Analysis on GNL

Insider Transactions at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch sold 159,720 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $7.32, for a total transaction of $1,169,150.40. Following the transaction, the insider now owns 3,546,752 shares in the company, valued at $25,962,224.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $7.16, for a total transaction of $1,432,000.00. Following the completion of the sale, the insider now directly owns 3,201,694 shares of the company’s stock, valued at $22,924,129.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Nicholas S. Schorsch sold 159,720 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $7.32, for a total transaction of $1,169,150.40. Following the sale, the insider now directly owns 3,546,752 shares of the company’s stock, valued at $25,962,224.64. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.

Global Net Lease Profile

(Free Report)

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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.

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Institutional Ownership by Quarter for Global Net Lease (NYSE:GNL)

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