Global Net Lease, Inc. (NYSE:GNL) is GraniteShares Advisors LLC’s 10th Largest Position

GraniteShares Advisors LLC boosted its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 48.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340,781 shares of the financial services provider’s stock after acquiring an additional 110,723 shares during the period. Global Net Lease accounts for about 1.6% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 10th largest holding. GraniteShares Advisors LLC’s holdings in Global Net Lease were worth $2,488,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Creative Planning raised its holdings in Global Net Lease by 8.0% in the third quarter. Creative Planning now owns 77,867 shares of the financial services provider’s stock worth $656,000 after buying an additional 5,784 shares during the last quarter. Signaturefd LLC raised its holdings in Global Net Lease by 18.7% in the third quarter. Signaturefd LLC now owns 14,726 shares of the financial services provider’s stock worth $124,000 after buying an additional 2,316 shares during the last quarter. Private Advisor Group LLC purchased a new position in Global Net Lease in the third quarter worth about $92,000. International Assets Investment Management LLC raised its holdings in Global Net Lease by 1,756.3% in the third quarter. International Assets Investment Management LLC now owns 34,305 shares of the financial services provider’s stock worth $2,646,000 after buying an additional 32,457 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Global Net Lease by 14.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,601 shares of the financial services provider’s stock worth $133,000 after buying an additional 1,962 shares during the last quarter. 61.19% of the stock is owned by hedge funds and other institutional investors.

Global Net Lease Stock Performance

Shares of NYSE GNL opened at $7.32 on Wednesday. The firm has a 50 day moving average of $7.21 and a 200 day moving average of $7.77. 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 firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of -7.78 and a beta of 1.34. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $9.10.

Global Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 annualized dividend and a yield of 15.04%. Global Net Lease’s dividend payout ratio (DPR) is -117.02%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price for the company in a report on Tuesday, December 17th. Truist Financial reduced their price target on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Friday, November 29th. Finally, Citizens Jmp upgraded shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Global Net Lease has an average rating of “Moderate Buy” and an average price target of $9.50.

Global Net Lease 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.