Mirae Asset Global Investments Co. Ltd. Sells 2,216,262 Shares of Global Net Lease, Inc. (NYSE:GNL)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 55.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,775,582 shares of the financial services provider's stock after selling 2,216,262 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.77% of Global Net Lease worth $17,667,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Beaird Harris Wealth Management LLC purchased a new position in Global Net Lease in the third quarter valued at about $26,000. Tower Research Capital LLC TRC boosted its holdings in Global Net Lease by 232.8% in the first quarter. Tower Research Capital LLC TRC now owns 2,702 shares of the financial services provider's stock worth $34,000 after acquiring an additional 1,890 shares in the last quarter. Gradient Investments LLC boosted its holdings in Global Net Lease by 98.9% in the third quarter. Gradient Investments LLC now owns 2,942 shares of the financial services provider's stock worth $28,000 after acquiring an additional 1,463 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in Global Net Lease in the third quarter worth about $31,000. Finally, Spire Wealth Management boosted its holdings in Global Net Lease by 221.9% in the third quarter. Spire Wealth Management now owns 3,299 shares of the financial services provider's stock worth $32,000 after acquiring an additional 2,274 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company's stock.

Analyst Ratings Changes

GNL has been the subject of several recent analyst reports. BTIG Research downgraded Global Net Lease from a "buy" rating to a "neutral" rating in a report on Friday, March 8th. BMO Capital Markets began coverage on Global Net Lease in a report on Tuesday, February 13th. They set an "outperform" rating and a $11.00 target price for the company. Finally, Truist Financial began coverage on Global Net Lease in a report on Thursday, March 28th. They set a "hold" rating and a $7.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $12.00.

Global Net Lease Stock Performance

Shares of Global Net Lease stock traded down $0.48 on Wednesday, reaching $6.86. 3,233,423 shares of the stock were exchanged, compared to its average volume of 1,652,152. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.66. Global Net Lease, Inc. has a twelve month low of $6.74 and a twelve month high of $12.66. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -3.97, a PEG ratio of 0.97 and a beta of 1.34. The business has a 50 day moving average price of $7.64 and a two-hundred day moving average price of $8.48.

Global Net Lease Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Thursday, April 11th will be issued a $0.275 dividend. The ex-dividend date is Wednesday, April 10th. This is an increase from Global Net Lease's previous quarterly dividend of $0.06. This represents a $1.10 dividend on an annualized basis and a yield of 16.03%. Global Net Lease's payout ratio is presently -63.58%.

Insider Buying and Selling at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch sold 150,000 shares of the business's stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $8.90, for a total value of $1,335,000.00. Following the completion of the sale, the insider now directly owns 4,255,042 shares in the company, valued at $37,869,873.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 4,837 shares of the business's stock in a transaction on Friday, January 26th. The stock was sold at an average price of $8.90, for a total transaction of $43,049.30. Following the transaction, the insider now owns 3,861,472 shares of the company's stock, valued at $34,367,100.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Nicholas S. Schorsch sold 150,000 shares of the business's stock in a transaction on Friday, January 19th. The stock was sold at an average price of $8.90, for a total value of $1,335,000.00. Following the transaction, the insider now directly owns 4,255,042 shares in the company, valued at approximately $37,869,873.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 351,414 shares of company stock valued at $3,154,305. 0.22% of the stock is owned by company insiders.

About Global Net Lease

Global Net Lease, Inc NYSE: GNL is a publicly traded real estate investment trust listed on the NYSE 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.