Global Net Lease (GNL) Hits New 12-Month Low at $20.67

Global Net Lease Inc (NYSE:GNL) reached a new 52-week low during trading on Tuesday . The stock traded as low as $20.67 and last traded at $21.20, with a volume of 644200 shares traded. The stock had previously closed at $21.42.

Several equities research analysts recently commented on the stock. BidaskClub upgraded shares of Global Net Lease from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 22nd. FBR & Co reiterated a “hold” rating on shares of Global Net Lease in a research report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Global Net Lease from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, B. Riley reiterated a “neutral” rating and set a $26.00 target price on shares of Global Net Lease in a research report on Tuesday, November 7th.

The company has a market cap of $1,390.00 and a PE ratio of 10.01. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.30.

The company also recently declared a monthly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 8th were given a $0.1775 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 10.30%. This is an increase from Global Net Lease’s previous monthly dividend of $0.18. Global Net Lease’s payout ratio is 434.69%.

In other news, CEO James Larry Nelson purchased 2,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were purchased at an average price of $21.48 per share, for a total transaction of $42,960.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.19% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Belpointe Asset Management LLC acquired a new position in shares of Global Net Lease in the 3rd quarter worth approximately $272,000. Eii Capital Management Inc. acquired a new position in shares of Global Net Lease in the 3rd quarter worth approximately $891,000. Asset Management One Co. Ltd. lifted its position in shares of Global Net Lease by 25.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 139,782 shares of the financial services provider’s stock worth $3,064,000 after purchasing an additional 28,460 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Global Net Lease by 13.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 698,820 shares of the financial services provider’s stock worth $15,297,000 after purchasing an additional 82,637 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Global Net Lease by 40.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 609,235 shares of the financial services provider’s stock worth $13,337,000 after purchasing an additional 175,226 shares during the period. Hedge funds and other institutional investors own 44.28% of the company’s stock.

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Global Net Lease Company Profile

Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.

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