Zacks Investment Research upgraded shares of Global Net Lease (NYSE:GNL) from a sell rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “Global Net Lease, Inc. is a real estate investment trust which focused on sale-leaseback properties primarily in the United States and Europe. Global Net Lease, Inc. is based in New York, United States. “

A number of other equities analysts also recently issued reports on the company. B. Riley reiterated a neutral rating and set a $26.00 price target on shares of Global Net Lease in a research note on Tuesday, November 7th. FBR & Co reiterated a hold rating on shares of Global Net Lease in a research note on Tuesday, October 10th.

Global Net Lease (NYSE GNL) traded down $0.18 during mid-day trading on Tuesday, reaching $19.84. The company’s stock had a trading volume of 231,400 shares, compared to its average volume of 353,550. The firm has a market cap of $1,310.00 and a P/E ratio of 40.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.07 and a quick ratio of 0.07. Global Net Lease has a fifty-two week low of $19.83 and a fifty-two week high of $25.25.

The business also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.1775 per share. The ex-dividend date is Wednesday, February 7th. This represents a $2.13 dividend on an annualized basis and a yield of 10.74%. Global Net Lease’s dividend payout ratio (DPR) is currently 434.69%.

In other Global Net Lease news, CEO James Larry Nelson bought 2,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were purchased at an average price of $21.48 per share, for a total transaction of $42,960.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 buying an additional 341,621 shares during the last quarter. BlackRock Inc. boosted its stake 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 buying an additional 206,552 shares during the last quarter. State Street Corp boosted its stake in shares of Global Net Lease by 10.8% in the 2nd quarter. State Street Corp now owns 1,532,357 shares of the financial services provider’s stock worth $34,080,000 after buying an additional 149,708 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Global Net Lease by 9.7% in the 2nd quarter. Northern Trust Corp now owns 1,118,646 shares of the financial services provider’s stock worth $24,879,000 after buying an additional 98,929 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Global Net Lease by 13.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 698,820 shares of the financial services provider’s stock worth $15,297,000 after buying an additional 82,637 shares during the last quarter. Hedge funds and other institutional investors own 44.28% of the company’s stock.

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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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