GraniteShares Advisors LLC Grows Holdings in Global Net Lease, Inc. (NYSE:GNL)

GraniteShares Advisors LLC lifted its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 48.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 340,781 shares of the financial services provider’s stock after purchasing an additional 110,723 shares during the period. Global Net Lease comprises about 1.6% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 10th biggest position. GraniteShares Advisors LLC owned 0.15% of Global Net Lease worth $2,488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. grew its holdings in Global Net Lease by 10.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 16,023 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 1,574 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Global Net Lease by 14.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,601 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 1,962 shares during the last quarter. Apeiron RIA LLC grew its holdings in Global Net Lease by 7.4% in the 4th quarter. Apeiron RIA LLC now owns 32,084 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 2,200 shares during the last quarter. Signaturefd LLC grew its holdings in Global Net Lease by 18.7% in the 3rd quarter. Signaturefd LLC now owns 14,726 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 2,316 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in Global Net Lease by 0.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 420,529 shares of the financial services provider’s stock worth $3,070,000 after acquiring an additional 2,499 shares during the last quarter. Institutional investors own 61.19% of the company’s stock.

Analyst Upgrades and Downgrades

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

Global Net Lease Trading Up 0.8 %

NYSE:GNL opened at $7.32 on Wednesday. The company has a 50-day moving average price of $7.21 and a 200-day moving average price of $7.77. Global Net Lease, Inc. has a 12 month low of $6.52 and a 12 month high of $9.10. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -7.78 and a beta of 1.34.

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 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 15.04%. Global Net Lease’s dividend payout ratio (DPR) is currently -117.02%.

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.