Orinda Asset Management LLC Has $573,000 Holdings in Global Net Lease Inc (GNL)

Orinda Asset Management LLC trimmed its holdings in Global Net Lease Inc (NYSE:GNL) by 27.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,503 shares of the financial services provider’s stock after selling 12,097 shares during the quarter. Global Net Lease accounts for about 1.6% of Orinda Asset Management LLC’s portfolio, making the stock its 20th biggest holding. Orinda Asset Management LLC’s holdings in Global Net Lease were worth $573,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GNL. Bank of Montreal Can lifted its stake in Global Net Lease by 5.1% during the fourth quarter. Bank of Montreal Can now owns 10,655 shares of the financial services provider’s stock valued at $188,000 after buying an additional 517 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Global Net Lease by 3.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 69,570 shares of the financial services provider’s stock valued at $1,226,000 after buying an additional 2,200 shares in the last quarter. Teachers Advisors LLC lifted its stake in Global Net Lease by 1.8% during the third quarter. Teachers Advisors LLC now owns 144,172 shares of the financial services provider’s stock valued at $3,006,000 after buying an additional 2,547 shares in the last quarter. IndexIQ Advisors LLC lifted its stake in Global Net Lease by 4.3% during the third quarter. IndexIQ Advisors LLC now owns 63,594 shares of the financial services provider’s stock valued at $1,326,000 after buying an additional 2,627 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Global Net Lease by 5.7% during the fourth quarter. State of Alaska Department of Revenue now owns 49,095 shares of the financial services provider’s stock valued at $863,000 after buying an additional 2,643 shares in the last quarter. 60.54% of the stock is owned by institutional investors.

NYSE GNL opened at $19.01 on Thursday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.37 billion, a PE ratio of 9.46 and a beta of 0.73. Global Net Lease Inc has a 52-week low of $15.55 and a 52-week high of $22.53.

The business also recently declared a monthly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, February 8th will be given a $0.1775 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 11.20%. The ex-dividend date of this dividend is Thursday, February 7th. Global Net Lease’s dividend payout ratio (DPR) is 105.97%.

GNL has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. B. Riley upped their price objective on shares of Global Net Lease from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, November 12th. JMP Securities initiated coverage on shares of Global Net Lease in a research note on Tuesday, December 11th. They set a “market perform” rating for the company. LADENBURG THALM/SH SH initiated coverage on shares of Global Net Lease in a research note on Monday, October 29th. They set a “neutral” rating for the company. Finally, ValuEngine raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Five investment analysts have rated the stock with a hold rating, Global Net Lease has an average rating of “Hold” and an average target price of $24.50.

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About Global Net Lease

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.

Further Reading: Compound Annual Growth Rate (CAGR)

Institutional Ownership by Quarter for Global Net Lease (NYSE:GNL)

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