Vanguard Group Inc. Has $258.40 Million Holdings in Global Net Lease, Inc. $GNL

Vanguard Group Inc. lessened its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,783,062 shares of the financial services provider’s stock after selling 478,420 shares during the quarter. Vanguard Group Inc. owned approximately 0.14% of Global Net Lease worth $258,396,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its holdings in shares of Global Net Lease by 1.9% during the third quarter. Louisiana State Employees Retirement System now owns 91,300 shares of the financial services provider’s stock worth $742,000 after purchasing an additional 1,700 shares during the period. The Manufacturers Life Insurance Company lifted its position in Global Net Lease by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 154,190 shares of the financial services provider’s stock worth $1,164,000 after buying an additional 1,784 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Global Net Lease by 3.4% during the 3rd quarter. Amalgamated Bank now owns 56,721 shares of the financial services provider’s stock valued at $461,000 after buying an additional 1,890 shares during the period. Brookstone Capital Management grew its holdings in shares of Global Net Lease by 8.0% during the 3rd quarter. Brookstone Capital Management now owns 27,303 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 2,013 shares in the last quarter. Finally, State of Wyoming grew its holdings in shares of Global Net Lease by 17.9% during the 3rd quarter. State of Wyoming now owns 16,313 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 2,482 shares in the last quarter. 61.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GNL shares. Wall Street Zen upgraded Global Net Lease from a “sell” rating to a “buy” rating in a report on Saturday. Citizens Jmp lifted their price target on Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Citigroup reissued an “outperform” rating on shares of Global Net Lease in a research note on Monday, January 12th. Finally, Cantor Fitzgerald raised shares of Global Net Lease to a “strong-buy” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $10.00.

Global Net Lease Stock Performance

Shares of NYSE GNL opened at $9.42 on Friday. The business’s 50-day simple moving average is $9.27 and its 200-day simple moving average is $8.42. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.15 and a current ratio of 0.15. Global Net Lease, Inc. has a 52 week low of $6.51 and a 52 week high of $10.04. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of -7.92 and a beta of 1.13.

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, January 12th were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, January 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.1%. Global Net Lease’s dividend payout ratio (DPR) is currently -63.87%.

About Global Net Lease

Global Net Lease (NYSE: GNL) is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company’s business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease’s portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.