Metropolitan Life Insurance Co. NY lowered its holdings in Global Net Lease Inc (NYSE:GNL) by 48.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,480 shares of the financial services provider’s stock after selling 24,375 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Global Net Lease were worth $524,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Global Net Lease in the 4th quarter valued at approximately $151,000. Schroder Investment Management Group acquired a new stake in Global Net Lease in the 3rd quarter valued at approximately $159,000. Virtu Financial LLC acquired a new stake in Global Net Lease in the 4th quarter valued at approximately $231,000. Nisa Investment Advisors LLC grew its holdings in Global Net Lease by 218.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,370 shares of the financial services provider’s stock valued at $234,000 after buying an additional 7,800 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Global Net Lease during the 3rd quarter worth approximately $237,000. 48.74% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Edward M. Jr. Weil acquired 6,000 shares of the firm’s stock in a transaction dated Friday, March 16th. The shares were bought at an average price of $16.72 per share, with a total value of $100,320.00. Following the acquisition, the director now owns 22,018 shares of the company’s stock, valued at $368,140.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by company insiders.
Several analysts have recently weighed in on the company. ValuEngine lowered Global Net Lease from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. B. Riley reissued a “neutral” rating on shares of Global Net Lease in a report on Friday, March 9th. Finally, Zacks Investment Research raised Global Net Lease from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Global Net Lease has an average rating of “Hold” and an average price target of $22.00.
Shares of NYSE:GNL opened at $17.25 on Friday. Global Net Lease Inc has a 1-year low of $15.55 and a 1-year high of $24.35. The company has a market cap of $1,169.63, a PE ratio of 8.58 and a beta of 0.50. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.21.
Global Net Lease (NYSE:GNL) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.42). Global Net Lease had a return on equity of 1.72% and a net margin of 9.09%. The firm had revenue of $66.60 million for the quarter, compared to analyst estimates of $64.93 million. research analysts expect that Global Net Lease Inc will post 2.14 EPS for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 8th will be issued a dividend of $0.1775 per share. This represents a $2.13 annualized dividend and a dividend yield of 12.35%. The ex-dividend date of this dividend is Monday, May 7th. Global Net Lease’s payout ratio is presently 105.97%.
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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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