Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Position in Global Net Lease, Inc. (NYSE:GNL)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Global Net Lease, Inc. (NYSE:GNL) by 45.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,412 shares of the financial services provider’s stock after buying an additional 13,894 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Global Net Lease were worth $324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Global Net Lease by 392.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock worth $8,829,000 after acquiring an additional 835,830 shares during the period. Charles Schwab Investment Management Inc. increased its position in Global Net Lease by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock worth $34,176,000 after purchasing an additional 166,247 shares during the last quarter. Geode Capital Management LLC increased its position in Global Net Lease by 1.9% in the third quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider’s stock worth $42,897,000 after purchasing an additional 95,769 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Global Net Lease by 31.8% during the third quarter. JPMorgan Chase & Co. now owns 612,228 shares of the financial services provider’s stock worth $5,155,000 after buying an additional 147,803 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in Global Net Lease by 12.2% during the third quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock worth $9,345,000 after buying an additional 120,610 shares during the period. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GNL shares. 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. 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 report on Tuesday, December 17th. Finally, Truist Financial dropped their target price on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Friday, November 29th. Three research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Global Net Lease Trading Down 1.4 %

Global Net Lease stock opened at $7.07 on Thursday. Global Net Lease, Inc. has a 12 month low of $6.52 and a 12 month high of $9.10. The firm has a market cap of $1.63 billion, a PE ratio of -7.52 and a beta of 1.34. 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 stock’s 50 day simple moving average is $7.20 and its two-hundred day simple moving average is $7.85.

Global Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.56%. Global Net Lease’s dividend payout ratio (DPR) is -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.