Global Net Lease, Inc. (NYSE:GNL) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Several other research firms have also recently weighed in on GNL. Zacks Investment Research upgraded shares of Global Net Lease from a “hold” rating to a “buy” rating and set a $27.75 price target on the stock in a report on Monday, February 27th. FBR & Co reiterated a “hold” rating on shares of Global Net Lease in a report on Tuesday, May 23rd.

Global Net Lease (NYSE GNL) traded down 0.18% on Tuesday, hitting $22.75. 247,722 shares of the company were exchanged. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 28.47 and a beta of 0.69. Global Net Lease has a 52 week low of $20.76 and a 52 week high of $26.46. The stock has a 50 day moving average of $22.71 and a 200 day moving average of $16.14.

The business also recently declared a monthly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 8th will be issued a $0.1775 dividend. This represents a $2.13 annualized dividend and a yield of 9.36%. The ex-dividend date of this dividend is Tuesday, June 6th. Global Net Lease’s dividend payout ratio (DPR) is currently 266.23%.

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A number of hedge funds have recently added to or reduced their stakes in the stock. ProShare Advisors LLC boosted its stake in Global Net Lease by 99.9% in the first quarter. ProShare Advisors LLC now owns 54,775 shares of the financial services provider’s stock valued at $186,000 after buying an additional 27,367 shares during the period. Wsfs Capital Management LLC bought a new stake in Global Net Lease during the fourth quarter valued at $431,000. Teachers Advisors LLC boosted its stake in Global Net Lease by 3.1% in the fourth quarter. Teachers Advisors LLC now owns 282,671 shares of the financial services provider’s stock valued at $2,213,000 after buying an additional 8,500 shares during the period. Guggenheim Capital LLC boosted its stake in Global Net Lease by 12.9% in the fourth quarter. Guggenheim Capital LLC now owns 41,773 shares of the financial services provider’s stock valued at $327,000 after buying an additional 4,776 shares during the period. Finally, First Republic Investment Management Inc. bought a new stake in Global Net Lease during the fourth quarter valued at $105,000. Institutional investors and hedge funds own 40.93% of the company’s stock.

Global Net Lease Company Profile

Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.

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