Global Net Lease, Inc. $GNL Position Boosted by Waterfall Asset Management LLC

Waterfall Asset Management LLC lifted its holdings in Global Net Lease, Inc. (NYSE:GNL) by 71.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 342,259 shares of the financial services provider’s stock after purchasing an additional 142,259 shares during the period. Global Net Lease comprises 0.3% of Waterfall Asset Management LLC’s holdings, making the stock its 12th biggest holding. Waterfall Asset Management LLC’s holdings in Global Net Lease were worth $2,783,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GNL. Royal Bank of Canada grew its position in Global Net Lease by 60.7% in the first quarter. Royal Bank of Canada now owns 72,424 shares of the financial services provider’s stock worth $582,000 after buying an additional 27,352 shares during the last quarter. Amundi boosted its stake in shares of Global Net Lease by 12.3% during the 1st quarter. Amundi now owns 118,450 shares of the financial services provider’s stock worth $924,000 after acquiring an additional 12,947 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Global Net Lease by 95.7% in the 1st quarter. AQR Capital Management LLC now owns 46,800 shares of the financial services provider’s stock worth $376,000 after acquiring an additional 22,885 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Global Net Lease during the first quarter worth $296,000. Finally, United Services Automobile Association acquired a new position in shares of Global Net Lease in the 1st quarter valued at $94,000. 61.19% of the stock is owned by institutional investors and hedge funds.

Global Net Lease Trading Down 0.6%

Shares of NYSE:GNL opened at $9.42 on Monday. The firm has a fifty day moving average of $9.27 and a two-hundred day moving average of $8.42. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.19. Global Net Lease, Inc. has a 12-month low of $6.51 and a 12-month high of $10.04. The firm has a market capitalization of $2.02 billion, a P/E ratio of -7.92 and a beta of 1.13.

Global Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, January 12th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, January 12th. This represents a $0.76 dividend on an annualized basis and a yield of 8.1%. Global Net Lease’s dividend payout ratio (DPR) is presently -63.87%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GNL shares. Wall Street Zen raised shares of Global Net Lease from a “sell” rating to a “buy” rating in a research note on Saturday. Citizens Jmp boosted their price target on shares of Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Citigroup reaffirmed an “outperform” rating on shares of Global Net Lease in a research note on Monday, January 12th. Finally, Cantor Fitzgerald raised Global Net Lease to a “strong-buy” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $10.00.

About Global Net Lease

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.