Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Global Net Lease Inc (NYSE:GNL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 14,816 shares of the financial services provider’s stock, valued at approximately $305,000. Global Net Lease comprises 0.3% of Sanctuary Wealth Management L.L.C.’s holdings, making the stock its 14th biggest holding.
A number of other large investors also recently made changes to their positions in GNL. Vanguard Group Inc. increased its holdings in shares of Global Net Lease by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 10,331,374 shares of the financial services provider’s stock worth $229,770,000 after purchasing an additional 341,621 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Global Net Lease by 4.1% in the 2nd quarter. BlackRock Inc. now owns 5,290,884 shares of the financial services provider’s stock worth $117,670,000 after purchasing an additional 206,552 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Global Net Lease by 50.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 616,183 shares of the financial services provider’s stock worth $13,704,000 after purchasing an additional 205,533 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Global Net Lease by 40.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 609,235 shares of the financial services provider’s stock worth $13,337,000 after purchasing an additional 175,226 shares in the last quarter. Finally, LDR Capital Management LLC bought a new stake in shares of Global Net Lease in the 4th quarter worth $3,188,000. Institutional investors and hedge funds own 44.55% of the company’s stock.
Shares of Global Net Lease Inc (NYSE:GNL) opened at $16.40 on Monday. The company has a market capitalization of $1,103.51, a price-to-earnings ratio of 7.66 and a beta of 0.45. Global Net Lease Inc has a fifty-two week low of $16.05 and a fifty-two week high of $25.25. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.30.
The firm also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th will be issued a $0.1775 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 12.99%. The ex-dividend date is Wednesday, February 7th. Global Net Lease’s payout ratio is 434.68%.
In other news, CEO James Larry Nelson acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average price of $21.48 per share, with a total value of $42,960.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is currently owned by company insiders.
A number of analysts have commented on GNL shares. Zacks Investment Research lowered Global Net Lease from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. B. Riley reissued a “neutral” rating and issued a $26.00 target price on shares of Global Net Lease in a report on Tuesday, November 7th.
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About Global Net Lease
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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