Global Net Lease, Inc. (NYSE:GNL) Shares Acquired by Algert Global LLC

Algert Global LLC increased its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 15.7% in the fourth quarter, Holdings Channel reports. The firm owned 321,242 shares of the financial services provider’s stock after acquiring an additional 43,658 shares during the period. Algert Global LLC’s holdings in Global Net Lease were worth $2,345,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Blair William & Co. IL increased its position in shares of Global Net Lease by 13.2% in the fourth quarter. Blair William & Co. IL now owns 12,300 shares of the financial services provider’s stock worth $90,000 after acquiring an additional 1,433 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Global Net Lease by 1.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,582 shares of the financial services provider’s stock valued at $1,020,000 after purchasing an additional 1,465 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Global Net Lease by 8.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 21,006 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 1,655 shares during the period. Apeiron RIA LLC raised its position in Global Net Lease by 7.4% in the fourth quarter. Apeiron RIA LLC now owns 32,084 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 2,200 shares during the period. Finally, Metis Global Partners LLC raised its holdings in shares of Global Net Lease by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 22,700 shares of the financial services provider’s stock valued at $166,000 after buying an additional 2,318 shares during the period. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Performance

Global Net Lease stock opened at $7.86 on Friday. 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 50 day moving average of $7.67 and a 200-day moving average of $7.48. The stock has a market cap of $1.80 billion, a P/E ratio of -8.36 and a beta of 1.22. Global Net Lease, Inc. has a 52 week low of $6.51 and a 52 week high of $9.11.

Global Net Lease Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Friday, April 11th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.76 annualized dividend and a dividend yield of 9.68%. Global Net Lease’s payout ratio is -100.00%.

Insider Transactions at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total transaction of $1,590,000.00. Following the completion of the transaction, the insider now owns 1,629,073 shares in the company, valued at $12,951,130.35. The trade was a 10.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley started coverage on shares of Global Net Lease in a research report on Tuesday, April 22nd. They set a “neutral” rating and a $8.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Global Net Lease currently has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Global Net Lease Company 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.