Daiwa Securities Group Inc. Sells 1,289 Shares of Global Net Lease, Inc. (NYSE:GNL)

Posted by Defense World Staff on May 6th, 2023

Daiwa Securities Group Inc. reduced its holdings in Global Net Lease, Inc. (NYSE:GNL – Get Rating) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,825 shares of the financial services provider’s stock after selling 1,289 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Global Net Lease were worth $350,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Parallel Advisors LLC lifted its position in Global Net Lease by 41,628.6% in the 4th quarter. Parallel Advisors LLC now owns 2,921 shares of the financial services provider’s stock worth $37,000 after buying an additional 2,914 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Global Net Lease in the 3rd quarter worth approximately $39,000. Fiduciary Alliance LLC purchased a new stake in shares of Global Net Lease in the 4th quarter valued at $68,000. Tower Research Capital LLC TRC boosted its stake in shares of Global Net Lease by 82.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,483 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 3,378 shares in the last quarter. Finally, Mutual Advisors LLC bought a new position in shares of Global Net Lease during the 3rd quarter valued at $114,000. 70.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GNL has been the subject of several analyst reports. BNP Paribas initiated coverage on shares of Global Net Lease in a research report on Thursday, March 16th. They set an “underperform” rating and a $13.00 price target for the company. StockNews.com assumed coverage on Global Net Lease in a report on Thursday, March 16th. They set a “hold” rating for the company.

Global Net Lease Stock Up 1.8 %

Shares of NYSE GNL opened at $11.34 on Friday. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -125.99, a PEG ratio of 1.24 and a beta of 1.28. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average is $12.38 and its 200 day moving average is $13.01. Global Net Lease, Inc. has a 52 week low of $9.82 and a 52 week high of $15.30.

Global Net Lease Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Thursday, April 13th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 14.11%. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, April 12th. Global Net Lease’s dividend payout ratio is -1,777.58%.

Global Net Lease Company Profile

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Global Net Lease, Inc engages in real estate investment service. It focuses 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.