Global Net Lease, Inc. (NYSE:GNL) Position Lifted by TrueMark Investments LLC

TrueMark Investments LLC raised its stake in Global Net Lease, Inc. (NYSE:GNL) by 65.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 766,419 shares of the financial services provider’s stock after buying an additional 302,327 shares during the period. Global Net Lease comprises 1.8% of TrueMark Investments LLC’s holdings, making the stock its 7th biggest holding. TrueMark Investments LLC’s holdings in Global Net Lease were worth $5,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in GNL. US Bancorp DE boosted its holdings in shares of Global Net Lease by 363.2% in the fourth quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 4,761 shares during the period. Creative Financial Designs Inc. ADV raised its position in Global Net Lease by 119.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 6,659 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 3,624 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in shares of Global Net Lease in the 3rd quarter worth $67,000. Allworth Financial LP grew its position in shares of Global Net Lease by 157.6% during the 4th quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider’s stock worth $74,000 after buying an additional 6,310 shares in the last quarter. Finally, HB Wealth Management LLC bought a new stake in shares of Global Net Lease in the fourth quarter valued at about $81,000. 61.19% of the stock is currently owned by institutional investors.

Global Net Lease Stock Performance

GNL stock opened at $7.95 on Wednesday. Global Net Lease, Inc. has a one year low of $6.52 and a one year high of $9.11. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -8.46 and a beta of 1.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a 50-day simple moving average of $7.50 and a two-hundred day simple moving average of $7.70.

Global Net Lease Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were given 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 13.84%. Global Net Lease’s payout ratio is -144.74%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GNL. JMP Securities upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a report on Tuesday, December 17th. Citizens Jmp upgraded shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Truist Financial reduced their price objective 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. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

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.