Global Net Lease, Inc. (NYSE:GNL) Shares Sold by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. reduced its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 29.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,743 shares of the financial services provider’s stock after selling 4,990 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Global Net Lease were worth $86,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Capital Advisory LLC acquired a new stake in Global Net Lease during the 3rd quarter worth about $34,000. GAMMA Investing LLC grew its position in shares of Global Net Lease by 60.1% during the 3rd quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,897 shares during the period. McIlrath & Eck LLC acquired a new stake in shares of Global Net Lease during the 3rd quarter valued at about $67,000. KBC Group NV grew its position in shares of 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 acquiring an additional 2,535 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in shares of Global Net Lease during the 3rd quarter valued at about $92,000. 61.19% of the stock is owned by institutional investors and hedge funds.

Global Net Lease Trading Down 0.4 %

Shares of Global Net Lease stock opened at $7.10 on Tuesday. The firm has a market capitalization of $1.64 billion, a PE ratio of -7.55 and a beta of 1.34. Global Net Lease, Inc. has a twelve month low of $6.52 and a twelve month high of $9.10. The firm’s 50-day moving average price is $7.21 and its 200 day moving average price is $7.87. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70.

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 15.50%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s dividend payout ratio is presently -117.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GNL shares. JMP Securities upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a research report on Tuesday, December 17th. 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. Finally, Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Three 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

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.