Quantinno Capital Management LP raised its holdings in Global Net Lease, Inc. (NYSE:GNL – Free Report) by 107.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 242,224 shares of the financial services provider’s stock after acquiring an additional 125,721 shares during the quarter. Quantinno Capital Management LP’s holdings in Global Net Lease were worth $2,267,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. Lloyd Advisory Services LLC. bought a new position in shares of Global Net Lease during the 4th quarter valued at $28,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Global Net Lease by 180.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 3,830 shares in the last quarter. Ameriflex Group Inc. increased its position in Global Net Lease by 43.3% during the fourth quarter. Ameriflex Group Inc. now owns 5,825 shares of the financial services provider’s stock worth $50,000 after buying an additional 1,761 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Global Net Lease by 31.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,913 shares of the financial services provider’s stock worth $51,000 after buying an additional 1,412 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in Global Net Lease during the third quarter valued at about $61,000. 61.19% of the stock is owned by institutional investors.
Global Net Lease Stock Up 0.3%
GNL stock opened at $9.26 on Tuesday. Global Net Lease, Inc. has a twelve month low of $7.39 and a twelve month high of $10.04. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.94. The company has a market cap of $1.95 billion, a PE ratio of -33.07 and a beta of 1.02. The business’s 50-day simple moving average is $9.09 and its 200 day simple moving average is $9.33.
Global Net Lease Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Monday, July 13th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date was Monday, July 13th. Global Net Lease’s dividend payout ratio is presently -271.43%.
Analyst Ratings Changes
A number of analysts have weighed in on GNL shares. Huntington started coverage on Global Net Lease in a research report on Wednesday, July 15th. They issued a “market perform” rating and a $10.00 price target for the company. BMO Capital Markets downgraded Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 price objective on the stock. in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.
View Our Latest Stock Report on Global Net Lease
Global Net Lease Company Profile
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.
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