Sanctuary Wealth Management L.L.C. acquired a new position in Global Net Lease Inc (NYSE:GNL) in the 4th quarter, Holdings Channel reports. The institutional investor 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 portfolio, making the stock its 14th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of GNL. SG Americas Securities LLC bought a new stake in shares of Global Net Lease in the fourth quarter worth $151,000. Schroder Investment Management Group bought a new stake in shares of Global Net Lease in the third quarter worth $159,000. Family Management Corp bought a new stake in Global Net Lease during the second quarter valued at about $202,000. Nisa Investment Advisors LLC grew its holdings in Global Net Lease by 218.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 11,370 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 7,800 shares during the period. Finally, Principal Financial Group Inc. bought a new stake in Global Net Lease during the third quarter valued at about $237,000. 44.55% of the stock is owned by institutional investors.

In related news, CEO James Larry Nelson purchased 2,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was acquired at an average price of $21.48 per share, with a total value of $42,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

Shares of Global Net Lease Inc (NYSE:GNL) opened at $16.40 on Monday. 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 current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1,103.51, a PE ratio of 7.66 and a beta of 0.45.

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 issued a dividend of $0.1775 per share. This represents a $2.13 annualized dividend and a yield of 12.99%. The ex-dividend date is Wednesday, February 7th. Global Net Lease’s dividend payout ratio is presently 434.68%.

GNL has been the subject of several recent research reports. 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 set a $26.00 price target 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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Institutional Ownership by Quarter for Global Net Lease (NYSE:GNL)

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