LSV Asset Management Has $24.25 Million Position in Global Net Lease, Inc. (NYSE:GNL)

LSV Asset Management lowered its stake in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 36.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,437,061 shares of the financial services provider's stock after selling 1,374,416 shares during the quarter. LSV Asset Management owned about 1.06% of Global Net Lease worth $24,249,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GNL. Beaird Harris Wealth Management LLC acquired a new stake in shares of Global Net Lease in the 3rd quarter worth approximately $26,000. Gradient Investments LLC boosted its stake in Global Net Lease by 98.9% during the 3rd quarter. Gradient Investments LLC now owns 2,942 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 1,463 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Global Net Lease during the 4th quarter valued at $31,000. Spire Wealth Management raised its stake in shares of Global Net Lease by 221.9% in the 3rd quarter. Spire Wealth Management now owns 3,299 shares of the financial services provider's stock worth $32,000 after buying an additional 2,274 shares in the last quarter. Finally, Wolff Wiese Magana LLC acquired a new stake in shares of Global Net Lease in the third quarter valued at $34,000. Institutional investors and hedge funds own 61.19% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GNL. JMP Securities reiterated a "market perform" rating on shares of Global Net Lease in a research report on Thursday, April 18th. BTIG Research lowered shares of Global Net Lease from a "buy" rating to a "neutral" rating in a research note on Friday, March 8th. Truist Financial assumed coverage on shares of Global Net Lease in a research report on Thursday, March 28th. They issued a "hold" rating and a $7.00 price target on the stock. Finally, BMO Capital Markets initiated coverage on Global Net Lease in a research report on Tuesday, February 13th. They set an "outperform" rating and a $11.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.00.

Global Net Lease Trading Up 1.7 %

Shares of GNL stock traded up $0.12 during trading hours on Monday, reaching $7.28. 1,285,509 shares of the stock traded hands, compared to its average volume of 1,618,273. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.68 billion, a PE ratio of -4.21, a PEG ratio of 0.92 and a beta of 1.34. Global Net Lease, Inc. has a 1-year low of $6.52 and a 1-year high of $11.58. The business has a fifty day moving average price of $7.24 and a 200 day moving average price of $8.23.

Global Net Lease Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 15.11%. The ex-dividend date was Wednesday, April 10th. This is a boost from Global Net Lease's previous quarterly dividend of $0.06. Global Net Lease's dividend payout ratio (DPR) is -63.58%.

Global Net Lease Company Profile

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.