44,501 Shares in Global Net Lease, Inc. (NYSE:GNL) Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management acquired a new stake in shares of Global Net Lease, Inc. (NYSE:GNL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 44,501 shares of the financial services provider’s stock, valued at approximately $443,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Global Net Lease by 83.8% during the 3rd quarter. Vanguard Group Inc. now owns 30,770,077 shares of the financial services provider’s stock valued at $295,700,000 after purchasing an additional 14,033,117 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Global Net Lease by 8,487.0% during the third quarter. Hsbc Holdings PLC now owns 4,832,588 shares of the financial services provider’s stock worth $46,536,000 after buying an additional 4,776,310 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Global Net Lease by 80.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,991,844 shares of the financial services provider’s stock worth $38,362,000 after buying an additional 1,778,131 shares in the last quarter. LSV Asset Management increased its holdings in shares of Global Net Lease by 65.9% during the third quarter. LSV Asset Management now owns 3,811,477 shares of the financial services provider’s stock worth $36,628,000 after buying an additional 1,514,319 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Global Net Lease by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,698,157 shares of the financial services provider’s stock valued at $36,797,000 after acquiring an additional 200,649 shares during the last quarter. 61.19% of the stock is currently owned by institutional investors.

Global Net Lease Price Performance

Global Net Lease stock opened at $7.23 on Thursday. The stock’s 50 day moving average is $7.24 and its 200 day moving average is $8.22. Global Net Lease, Inc. has a one year low of $6.52 and a one year high of $11.58. The firm has a market cap of $1.67 billion, a P/E ratio of -4.18, a P/E/G ratio of 0.92 and a beta of 1.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.05 and a quick ratio of 0.05.

Global Net Lease Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were given a $0.275 dividend. The ex-dividend date was Wednesday, April 10th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.21%. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s payout ratio is -63.58%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GNL shares. Truist Financial initiated coverage on Global Net Lease in a research report on Thursday, March 28th. They set a “hold” rating and a $7.00 price objective on the stock. BTIG Research downgraded Global Net Lease from a “buy” rating to a “neutral” rating in a research note on Friday, March 8th. JMP Securities reiterated a “market perform” rating on shares of Global Net Lease in a research report on Thursday, April 18th. Finally, BMO Capital Markets assumed coverage on shares of Global Net Lease in a research report on Tuesday, February 13th. They issued an “outperform” rating and a $11.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.00.

Global Net Lease Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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.