Global Net Lease (GNL) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Global Net Lease (NYSE:GNL) from a sell rating to a hold rating in a report released on Tuesday.

According to Zacks, “Global Net Lease, Inc. is a real estate investment trust which focused on sale-leaseback properties primarily in the United States and Europe. Global Net Lease, Inc. is based in New York, United States. “

Several other equities analysts have also recently issued reports on GNL. FBR & Co reaffirmed a hold rating on shares of Global Net Lease in a report on Tuesday, October 10th. B. Riley reaffirmed a neutral rating and set a $26.00 price objective on shares of Global Net Lease in a report on Tuesday, November 7th.

Shares of Global Net Lease (NYSE GNL) traded down $0.23 during mid-day trading on Tuesday, reaching $19.32. The company had a trading volume of 386,682 shares, compared to its average volume of 403,937. The firm has a market capitalization of $1,315.46, a PE ratio of 39.43 and a beta of 0.68. Global Net Lease has a 52-week low of $19.28 and a 52-week high of $25.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.07 and a current ratio of 0.07.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 8th will be issued a dividend of $0.1775 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $2.13 annualized dividend and a yield of 11.02%. Global Net Lease’s dividend payout ratio is presently 434.68%.

In other news, CEO James Larry Nelson acquired 2,000 shares of Global Net Lease stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average cost of $21.48 per share, with a total value of $42,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its holdings in Global Net Lease by 218.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 11,370 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 7,800 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in Global Net Lease during the third quarter worth $272,000. Eii Capital Management Inc. acquired a new position in Global Net Lease during the third quarter worth $891,000. Asset Management One Co. Ltd. raised its holdings in Global Net Lease by 25.6% during the third quarter. Asset Management One Co. Ltd. now owns 139,782 shares of the financial services provider’s stock worth $3,064,000 after purchasing an additional 28,460 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Global Net Lease by 13.4% during the third quarter. Dimensional Fund Advisors LP now owns 698,820 shares of the financial services provider’s stock worth $15,297,000 after purchasing an additional 82,637 shares during the last quarter. 44.28% of the stock is owned by hedge funds and other institutional investors.

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About Global Net Lease

Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.

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