Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Global Net Lease Inc (NYSE:GNL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,820 shares of the financial services provider’s stock, valued at approximately $303,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. grew its stake in Global Net Lease by 6.6% during the second quarter. Daiwa Securities Group Inc. now owns 4,866 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Global Net Lease by 50.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,368 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,793 shares in the last quarter. GAM Holding AG grew its stake in Global Net Lease by 48.6% in the 2nd quarter. GAM Holding AG now owns 5,500 shares of the financial services provider’s stock worth $122,000 after buying an additional 1,800 shares in the last quarter. Pacad Investment Ltd. grew its stake in Global Net Lease by 89.1% in the 2nd quarter. Pacad Investment Ltd. now owns 8,701 shares of the financial services provider’s stock worth $194,000 after buying an additional 4,100 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in Global Net Lease in the 2nd quarter worth approximately $196,000. 44.44% of the stock is currently owned by institutional investors.
In other Global Net Lease news, CEO James Larry Nelson bought 2,000 shares of Global Net Lease stock in a transaction dated Monday, November 20th. The shares were purchased at an average cost of $21.48 per share, with a total value of $42,960.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is owned by corporate insiders.
A number of brokerages have recently issued reports on GNL. BidaskClub raised shares of Global Net Lease from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd. FBR & Co reiterated a “hold” rating on shares of Global Net Lease in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Global Net Lease from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, B. Riley restated a “neutral” rating and issued a $26.00 price objective on shares of Global Net Lease in a report on Tuesday, November 7th.
Global Net Lease Inc (NYSE:GNL) traded up $0.02 during trading hours on Wednesday, hitting $21.11. 351,000 shares of the stock were exchanged, compared to its average volume of 335,555. The stock has a market cap of $1,419.08, a P/E ratio of 9.85 and a beta of 0.68. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.30. Global Net Lease Inc has a 12-month low of $20.71 and a 12-month high of $25.25.
The firm also recently announced a monthly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were given a $0.1775 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 10.09%. The ex-dividend date was Tuesday, November 7th. Global Net Lease’s dividend payout ratio is presently 434.68%.
COPYRIGHT VIOLATION WARNING: “13,820 Shares in Global Net Lease Inc (GNL) Purchased by Los Angeles Capital Management & Equity Research Inc.” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2017/12/13/los-angeles-capital-management-equity-research-inc-buys-new-holdings-in-global-net-lease-inc-gnl.html.
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.
Receive News & Ratings for Global Net Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Net Lease and related companies with MarketBeat.com's FREE daily email newsletter.