Fox Run Management L.L.C. Buys 2,425 Shares of Global Net Lease, Inc. (NYSE:GNL)

Fox Run Management L.L.C. increased its position in Global Net Lease, Inc. (NYSE:GNL) by 7.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,168 shares of the financial services provider’s stock after acquiring an additional 2,425 shares during the quarter. Fox Run Management L.L.C.’s holdings in Global Net Lease were worth $264,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its position in shares of Global Net Lease by 10.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 16,023 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 1,574 shares during the period. Apeiron RIA LLC raised its holdings in Global Net Lease by 7.4% during the fourth quarter. Apeiron RIA LLC now owns 32,084 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 2,200 shares during the period. Metis Global Partners LLC raised its holdings in Global Net Lease by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 22,700 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 2,318 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of Global Net Lease by 0.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 420,529 shares of the financial services provider’s stock valued at $3,070,000 after acquiring an additional 2,499 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Global Net Lease by 1.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 245,400 shares of the financial services provider’s stock worth $2,066,000 after acquiring an additional 2,500 shares during the period. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GNL shares. JMP Securities raised 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. Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, Truist Financial cut 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 note on Friday, November 29th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Global Net Lease Stock Performance

NYSE:GNL opened at $7.97 on Friday. 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 cap of $1.84 billion, a price-to-earnings ratio of -8.47 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. The stock’s 50 day simple moving average is $7.53 and its two-hundred day simple moving average is $7.71.

Global Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 13.81%. The ex-dividend date was Monday, January 13th. Global Net Lease’s payout ratio is -144.74%.

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.