Capital Investment Advisory Services LLC Takes $220,000 Position in Global Net Lease Inc (GNL)

Capital Investment Advisory Services LLC bought a new position in shares of Global Net Lease Inc (NYSE:GNL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,568 shares of the financial services provider’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors have also modified their holdings of GNL. California Public Employees Retirement System boosted its stake in Global Net Lease by 4.9% in the 1st quarter. California Public Employees Retirement System now owns 63,555 shares of the financial services provider’s stock valued at $1,073,000 after purchasing an additional 2,975 shares during the period. Dimensional Fund Advisors LP boosted its stake in Global Net Lease by 10.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 848,394 shares of the financial services provider’s stock valued at $14,321,000 after purchasing an additional 82,599 shares during the period. Russell Investments Group Ltd. boosted its stake in Global Net Lease by 183.7% in the 1st quarter. Russell Investments Group Ltd. now owns 36,600 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 23,700 shares during the period. Barclays PLC boosted its stake in Global Net Lease by 51.9% in the 1st quarter. Barclays PLC now owns 20,809 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 7,112 shares during the period. Finally, LPL Financial LLC boosted its stake in Global Net Lease by 620.4% in the 1st quarter. LPL Financial LLC now owns 107,406 shares of the financial services provider’s stock valued at $1,813,000 after purchasing an additional 92,497 shares during the period. Institutional investors own 56.20% of the company’s stock.

GNL has been the subject of several recent research reports. Zacks Investment Research upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. B. Riley set a $24.00 price target on Global Net Lease and gave the company a “hold” rating in a research note on Friday, August 10th. ValuEngine downgraded Global Net Lease from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Finally, LADENBURG THALM/SH SH initiated coverage on Global Net Lease in a research note on Monday. They issued a “neutral” rating for the company.

NYSE:GNL opened at $20.20 on Friday. The firm has a market cap of $1.47 billion, a PE ratio of 9.85 and a beta of 0.54. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.34. Global Net Lease Inc has a fifty-two week low of $15.55 and a fifty-two week high of $22.53.

Global Net Lease (NYSE:GNL) last released its earnings results on Wednesday, August 8th. The financial services provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The company had revenue of $70.97 million for the quarter, compared to the consensus estimate of $68.81 million. Global Net Lease had a net margin of 8.68% and a return on equity of 1.69%. On average, research analysts expect that Global Net Lease Inc will post 2.05 earnings per share for the current year.

The business also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Tuesday, November 13th will be given a dividend of $0.1775 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 10.54%. Global Net Lease’s payout ratio is 105.97%.

Global Net Lease Company Profile

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.

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

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