Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 29,651 Shares of Global Net Lease, Inc. (NYSE:GNL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Global Net Lease, Inc. (NYSE:GNL) by 38.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,214 shares of the financial services provider’s stock after acquiring an additional 29,651 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Global Net Lease were worth $783,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC lifted its holdings in shares of Global Net Lease by 161.9% in the fourth quarter. Intech Investment Management LLC now owns 134,962 shares of the financial services provider’s stock valued at $985,000 after purchasing an additional 83,437 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Global Net Lease by 28.9% in the 4th quarter. Advisors Asset Management Inc. now owns 1,430,580 shares of the financial services provider’s stock valued at $10,443,000 after acquiring an additional 320,738 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Global Net Lease by 90.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 296,580 shares of the financial services provider’s stock worth $2,166,000 after acquiring an additional 141,178 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of Global Net Lease during the 4th quarter worth approximately $137,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Global Net Lease by 119.4% in the fourth 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 during the last quarter. 61.19% of the stock is owned by institutional investors and hedge funds.

Global Net Lease Stock Up 0.6 %

Global Net Lease stock opened at $8.00 on Thursday. Global Net Lease, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $9.11. The firm has a market capitalization of $1.85 billion, a PE ratio of -8.51 and a beta of 1.33. The company’s 50-day moving average is $7.52 and its 200-day moving average is $7.71. 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were paid a $0.275 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 annualized dividend and a yield of 13.76%. Global Net Lease’s dividend payout ratio is -144.74%.

Wall Street Analysts Forecast Growth

GNL has been the subject of a number of analyst reports. Truist Financial decreased 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 report on Friday, November 29th. 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 report on Tuesday, December 17th. Finally, Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a report 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 company. Based on data from MarketBeat, Global Net Lease presently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

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.