US Bancorp DE Purchases 4,761 Shares of Global Net Lease, Inc. (NYSE:GNL)

US Bancorp DE grew its position in Global Net Lease, Inc. (NYSE:GNL) by 363.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,072 shares of the financial services provider’s stock after buying an additional 4,761 shares during the period. US Bancorp DE’s holdings in Global Net Lease were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. McIlrath & Eck LLC bought a new position in shares of Global Net Lease in the 3rd quarter valued at about $67,000. KBC Group NV grew its position in shares of Global Net Lease by 37.4% in 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. Allworth Financial LP grew its position in shares of Global Net Lease by 157.6% in the 4th quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 6,310 shares during the period. Abel Hall LLC bought a new position in shares of Global Net Lease in the 3rd quarter valued at about $93,000. Finally, HB Wealth Management LLC bought a new position in shares of Global Net Lease in the 4th quarter valued at about $81,000. Institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Performance

NYSE GNL opened at $8.03 on Wednesday. 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 capitalization of $1.85 billion, a P/E ratio of -8.54 and a beta of 1.33. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $9.11. The firm has a 50-day moving average price of $7.43 and a two-hundred day moving average price of $7.73.

Global Net Lease Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 13.71%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s dividend payout ratio is currently -144.74%.

Analyst Upgrades and Downgrades

Several analysts recently commented on GNL shares. Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price for the company in a report on Tuesday, December 17th. Finally, Truist Financial reduced their target price on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a report on Friday, November 29th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Global Net Lease has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Global Net Lease 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.