Helix Partners Management LP Takes $24.46 Million Position in Global Net Lease, Inc. (NYSE:GNL)

Helix Partners Management LP purchased a new position in shares of Global Net Lease, Inc. (NYSE:GNL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,350,000 shares of the financial services provider’s stock, valued at approximately $24,455,000. Global Net Lease comprises approximately 4.3% of Helix Partners Management LP’s portfolio, making the stock its 2nd largest holding. Helix Partners Management LP owned about 1.45% of Global Net Lease at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 purchasing an additional 835,830 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Global Net Lease by 4.3% during the third 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 during the period. Geode Capital Management LLC raised its stake in shares of Global Net Lease by 1.9% during the third quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider’s stock valued at $42,897,000 after acquiring an additional 95,769 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 acquiring an additional 147,803 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new stake in shares of Global Net Lease in the fourth quarter valued at approximately $81,000. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GNL shares. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a research note on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Global Net Lease currently has an average rating of “Moderate Buy” and an average price target of $9.50.

Global Net Lease Price Performance

Shares of GNL opened at $7.96 on Thursday. The company has a 50 day moving average of $7.59 and a two-hundred day moving average of $7.68. Global Net Lease, Inc. has a twelve month low of $6.52 and a twelve month high of $9.11. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market cap of $1.84 billion, a price-to-earnings ratio of -8.47 and a beta of 1.18.

Global Net Lease Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, April 11th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.76 annualized dividend and a yield of 9.55%. Global Net Lease’s dividend payout ratio (DPR) is presently -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.