Global Net Lease, Inc. (NYSE:GNL) Holdings Lifted by Metis Global Partners LLC

Metis Global Partners LLC increased its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 11.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,700 shares of the financial services provider’s stock after purchasing an additional 2,318 shares during the quarter. Metis Global Partners LLC’s holdings in Global Net Lease were worth $166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GNL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Global Net Lease by 392.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock valued at $8,829,000 after buying an additional 835,830 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Global Net Lease by 52.8% during the third quarter. Citigroup Inc. now owns 771,371 shares of the financial services provider’s stock valued at $6,495,000 after buying an additional 266,647 shares in the last quarter. Barclays PLC grew its holdings in shares of Global Net Lease by 312.3% during the third quarter. Barclays PLC now owns 339,701 shares of the financial services provider’s stock valued at $2,859,000 after buying an additional 257,310 shares in the last quarter. Algert Global LLC grew its holdings in shares of Global Net Lease by 255.4% during the third quarter. Algert Global LLC now owns 277,584 shares of the financial services provider’s stock valued at $2,337,000 after buying an additional 199,480 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Global Net Lease by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock valued at $34,176,000 after buying an additional 166,247 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on GNL. Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. JMP Securities upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a research note on Tuesday, December 17th. Finally, Truist Financial lowered their target price on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Friday, November 29th. Three research 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 stock. According to data from MarketBeat, Global Net Lease presently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Global Net Lease Price Performance

Shares of NYSE:GNL opened at $8.13 on Friday. Global Net Lease, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $9.11. The business has a 50-day moving average of $7.30 and a two-hundred day moving average of $7.76. The stock has a market capitalization of $1.87 billion, a P/E ratio of -8.64 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06.

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 given a $0.275 dividend. The ex-dividend date was Monday, January 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 13.54%. Global Net Lease’s dividend payout ratio is currently -144.74%.

Global Net Lease Company 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.