Ascent Capital Management LLC Makes New Investment in Global Net Lease, Inc. (NYSE:GNL)

Ascent Capital Management LLC bought a new position in Global Net Lease, Inc. (NYSE:GNL) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 32,787 shares of the financial services provider’s stock, valued at approximately $239,000.

Other large investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Global Net Lease by 392.8% in 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 worth $8,829,000 after buying an additional 835,830 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Global Net Lease by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock worth $34,176,000 after acquiring an additional 166,247 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Global Net Lease by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider’s stock valued at $42,897,000 after purchasing an additional 95,769 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Global Net Lease by 31.8% during the third quarter. JPMorgan Chase & Co. now owns 612,228 shares of the financial services provider’s stock valued at $5,155,000 after purchasing an additional 147,803 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Global Net Lease by 12.2% during the third quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock valued at $9,345,000 after purchasing an additional 120,610 shares in the last quarter. Institutional investors own 61.19% of the company’s stock.

Wall Street Analyst Weigh In

GNL has been the subject of several recent research reports. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Truist Financial decreased their price target on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Friday, November 29th. Finally, JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.50.

Global Net Lease Price Performance

Shares of NYSE:GNL opened at $8.06 on Friday. The business has a fifty day moving average price of $7.40 and a 200-day moving average price of $7.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The company has a market capitalization of $1.86 billion, a PE ratio of -8.57 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were paid a dividend of $0.275 per share. The ex-dividend date was Monday, January 13th. This represents a $1.10 dividend on an annualized basis and a yield of 13.66%. Global Net Lease’s dividend payout ratio is currently -144.74%.

About Global Net Lease

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.