Ieq Capital LLC Invests $368,000 in Global Net Lease, Inc. (NYSE:GNL)

Ieq Capital LLC acquired a new position in shares of Global Net Lease, Inc. (NYSE:GNL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 50,461 shares of the financial services provider’s stock, valued at approximately $368,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Global Net Lease by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider’s stock valued at $42,897,000 after buying an additional 95,769 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 valued at $34,176,000 after acquiring an additional 166,247 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of 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 valued at $9,345,000 after acquiring an additional 120,610 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 purchasing an additional 835,830 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Global Net Lease by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 960,682 shares of the financial services provider’s stock worth $7,013,000 after purchasing an additional 27,564 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on GNL. JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target on the stock in a research note on Tuesday, December 17th. Truist Financial decreased 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 research report on Friday, November 29th. 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. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Global Net Lease has an average rating of “Moderate Buy” and an average price target of $9.50.

Global Net Lease Price Performance

GNL opened at $7.55 on Friday. Global Net Lease, Inc. has a 1 year low of $6.52 and a 1 year high of $9.10. The company’s 50 day simple moving average is $7.22 and its 200 day simple moving average is $7.77. The stock has a market capitalization of $1.74 billion, a PE ratio of -8.03 and a beta of 1.34. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 annualized dividend and a dividend yield of 14.58%. Global Net Lease’s dividend payout ratio 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.