Ajo LP Invests $216,000 in Global Net Lease Inc (NYSE:GNL)

Ajo LP purchased a new position in shares of Global Net Lease Inc (NYSE:GNL) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 11,446 shares of the financial services provider’s stock, valued at approximately $216,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its stake in Global Net Lease by 5.1% during the 4th quarter. Bank of Montreal Can now owns 10,655 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 517 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Global Net Lease by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 29,462 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 532 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Global Net Lease by 2.4% during the 4th quarter. New York State Teachers Retirement System now owns 51,656 shares of the financial services provider’s stock worth $910,000 after acquiring an additional 1,190 shares during the last quarter. Versant Capital Management Inc boosted its stake in Global Net Lease by 274.7% during the 1st quarter. Versant Capital Management Inc now owns 1,641 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,203 shares during the last quarter. Finally, Stevens Capital Management LP boosted its stake in Global Net Lease by 7.8% during the 1st quarter. Stevens Capital Management LP now owns 19,163 shares of the financial services provider’s stock worth $362,000 after acquiring an additional 1,391 shares during the last quarter. 63.48% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease stock opened at $19.45 on Friday. Global Net Lease Inc has a fifty-two week low of $16.95 and a fifty-two week high of $22.53. The company has a market cap of $1.61 billion, a P/E ratio of 9.09 and a beta of 0.69. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.08 and a current ratio of 0.08.

Global Net Lease (NYSE:GNL) last released its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.43). Global Net Lease had a return on equity of 1.00% and a net margin of 4.96%. The firm had revenue of $75.47 million for the quarter, compared to the consensus estimate of $75.92 million. Analysts expect that Global Net Lease Inc will post 1.92 EPS for the current fiscal year.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday. B. Riley raised shares of Global Net Lease from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $25.00 to $24.00 in a research note on Friday, March 15th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $24.00.

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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.

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

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