120,469 Shares in Global Net Lease, Inc. $GNL Purchased by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. purchased a new stake in Global Net Lease, Inc. (NYSE:GNL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 120,469 shares of the financial services provider’s stock, valued at approximately $1,036,000. Redhawk Wealth Advisors Inc. owned about 0.05% of Global Net Lease as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Corient Private Wealth LLC boosted its holdings in shares of Global Net Lease by 4,854.4% during the second quarter. Corient Private Wealth LLC now owns 2,263,808 shares of the financial services provider’s stock worth $17,092,000 after acquiring an additional 2,218,115 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Global Net Lease during the third quarter worth approximately $15,933,000. Brown Advisory Inc. lifted its holdings in Global Net Lease by 83.5% during the 2nd quarter. Brown Advisory Inc. now owns 4,229,269 shares of the financial services provider’s stock worth $31,931,000 after purchasing an additional 1,924,238 shares during the last quarter. Conversant Capital LLC grew its holdings in Global Net Lease by 69.9% in the 2nd quarter. Conversant Capital LLC now owns 4,343,500 shares of the financial services provider’s stock valued at $32,793,000 after buying an additional 1,786,902 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Global Net Lease during the 2nd quarter worth $7,525,000. 61.19% of the stock is owned by institutional investors.

Global Net Lease Stock Performance

GNL opened at $9.17 on Monday. The firm has a market cap of $1.96 billion, a P/E ratio of -7.71 and a beta of 1.11. The business’s fifty day moving average is $9.52 and its 200-day moving average is $8.64. Global Net Lease, Inc. has a 52-week low of $6.51 and a 52-week high of $10.04. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.09 and a current ratio of 0.09.

Global Net Lease Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, January 12th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend was Monday, January 12th. Global Net Lease’s dividend payout ratio (DPR) is currently -63.87%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GNL. Citigroup reissued an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th. Cantor Fitzgerald raised shares of Global Net Lease to a “strong-buy” rating in a research report on Wednesday, February 4th. Wall Street Zen downgraded shares of Global Net Lease from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Citizens Jmp raised their target price on shares of Global Net Lease from $9.00 to $10.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Global Net Lease has a consensus rating of “Buy” and a consensus target price of $10.00.

Global Net Lease Company Profile

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.