Inceptionr LLC Acquires Shares of 11,516 Global Net Lease, Inc. (NYSE:GNL)

Inceptionr LLC acquired a new stake in Global Net Lease, Inc. (NYSE:GNL) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 11,516 shares of the financial services provider’s stock, valued at approximately $84,000.

Several other large investors have also recently added to or reduced their stakes in GNL. US Bancorp DE increased its stake in Global Net Lease by 363.2% in the 4th quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock valued at $44,000 after buying an additional 4,761 shares during the period. McIlrath & Eck LLC bought a new stake in Global Net Lease in the third quarter worth approximately $67,000. Allworth Financial LP grew its position in Global Net Lease by 157.6% in the fourth quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 6,310 shares in the last quarter. KBC Group NV grew its position in Global Net Lease by 37.4% in the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 2,535 shares in the last quarter. Finally, HB Wealth Management LLC bought a new stake in Global Net Lease in the fourth quarter worth approximately $81,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Price Performance

NYSE GNL opened at $8.03 on Tuesday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a fifty day simple moving average of $7.34 and a 200 day simple moving average of $7.76. The company has a market cap of $1.85 billion, a P/E ratio of -8.54 and a beta of 1.33. Global Net Lease, Inc. has a 1 year low of $6.52 and a 1 year high of $9.11.

Global Net Lease Dividend Announcement

The business also recently declared 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 was Monday, January 13th. Global Net Lease’s dividend payout ratio (DPR) is presently -144.74%.

Wall Street Analysts Forecast Growth

GNL has been the subject of several recent research reports. Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research 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 research report on Tuesday, December 17th. Finally, Truist Financial decreased 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 research report on Friday, November 29th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Global Net Lease presently has a consensus rating of “Moderate Buy” and an average 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.