Miller Global Investments LLC Acquires Shares of 148,511 Global Net Lease, Inc. $GNL

Key Points

• Miller Global Investments LLC opened a new position in Global Net Lease (NYSE:GNL), buying 148,511 shares in Q4 valued at about $1.277 million, which is 1.2% of Miller Global’s portfolio and roughly 0.07% of GNL.
• Brokerages have turned positive recently—one Strong Buy, four Buys and one Hold—leaving GNL with a consensus Buy rating and a consensus price target of $10.00.
• Global Net Lease pays a quarterly dividend of $0.19 (annualized $0.76) for a yield near 7.9%, and the company has a market cap of about $2.05 billion with a 52‑week range of $6.51–$10.04.

Miller Global Investments LLC acquired a new position in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 148,511 shares of the financial services provider's stock, valued at approximately $1,277,000. Global Net Lease makes up 1.2% of Miller Global Investments LLC's portfolio, making the stock its 20th largest holding. Miller Global Investments LLC owned about 0.07% of Global Net Lease at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eastern Bank bought a new position in shares of Global Net Lease during the third quarter worth about $33,000. Northwestern Mutual Wealth Management Co. increased its holdings in Global Net Lease by 180.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider's stock valued at $45,000 after buying an additional 3,830 shares during the last quarter. Focus Partners Wealth bought a new stake in Global Net Lease in the third quarter valued at about $61,000. Promus Capital LLC acquired a new stake in Global Net Lease during the third quarter valued at approximately $62,000. Finally, TT Capital Management LLC acquired a new stake in Global Net Lease during the second quarter valued at approximately $77,000. Institutional investors own 61.19% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GNL. Cantor Fitzgerald upgraded Global Net Lease to a "strong-buy" rating in a research report on Wednesday, February 4th. Citizens Jmp upped their price target on Global Net Lease from $9.00 to $10.00 and gave the company a "market outperform" rating in a research report on Monday, January 12th. Citigroup restated an "outperform" rating on shares of Global Net Lease in a research note on Monday, January 12th. Finally, Wall Street Zen raised shares of Global Net Lease from a "sell" rating to a "buy" rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Global Net Lease currently has an average rating of "Buy" and a consensus price target of $10.00.

Global Net Lease Price Performance

GNL opened at $9.57 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.19. The company's 50-day moving average price is $9.51 and its 200 day moving average price is $8.58. Global Net Lease, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $10.04. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -8.04 and a beta of 1.11.

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, January 12th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date was Monday, January 12th. Global Net Lease's dividend payout ratio is presently -63.87%.

Global Net Lease Profile

Global Net Lease NYSE: GNL is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company's business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease's portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.

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