Wells Fargo & Company MN raised its stake in shares of Global Net Lease Inc (NYSE:GNL) by 56.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 90,484 shares of the financial services provider’s stock after purchasing an additional 32,741 shares during the quarter. Wells Fargo & Company MN owned 0.13% of Global Net Lease worth $1,982,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of GNL. Vanguard Group Inc. increased its stake in Global Net Lease by 3.4% in the second quarter. Vanguard Group Inc. now owns 10,331,374 shares of the financial services provider’s stock valued at $229,770,000 after acquiring an additional 341,621 shares during the period. Balyasny Asset Management LLC bought a new stake in Global Net Lease in the second quarter valued at about $7,074,000. Citadel Advisors LLC increased its stake in Global Net Lease by 806.4% in the second quarter. Citadel Advisors LLC now owns 232,432 shares of the financial services provider’s stock valued at $5,169,000 after acquiring an additional 206,788 shares during the period. BlackRock Inc. increased its stake in Global Net Lease by 4.1% in the second quarter. BlackRock Inc. now owns 5,290,884 shares of the financial services provider’s stock valued at $117,670,000 after acquiring an additional 206,552 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Global Net Lease by 50.1% in the second quarter. Dimensional Fund Advisors LP now owns 616,183 shares of the financial services provider’s stock valued at $13,704,000 after acquiring an additional 205,533 shares during the period. 44.28% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO James Larry Nelson purchased 2,000 shares of Global Net Lease stock in a transaction on Monday, November 20th. The shares were purchased at an average cost of $21.48 per share, for a total transaction of $42,960.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by insiders.
GNL has been the topic of a number of analyst reports. B. Riley reissued a “neutral” rating and issued a $26.00 target price on shares of Global Net Lease in a research note on Tuesday, November 7th. Zacks Investment Research cut shares of Global Net Lease from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, FBR & Co restated a “hold” rating on shares of Global Net Lease in a research report on Tuesday, October 10th.
Global Net Lease Inc (GNL) opened at $19.36 on Thursday. The company has a market cap of $1,291.23, a PE ratio of 39.51 and a beta of 0.68. Global Net Lease Inc has a 12-month low of $19.17 and a 12-month high of $25.25. 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 (NYSE:GNL) last released its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.49). Global Net Lease had a net margin of 12.65% and a return on equity of 2.29%. equities research analysts predict that Global Net Lease Inc will post 2.02 EPS for the current year.
The company also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th will be given a $0.1775 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $2.13 dividend on an annualized basis and a yield of 11.00%. Global Net Lease’s dividend payout ratio (DPR) is presently 434.68%.
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Global Net Lease Company Profile
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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