Public Sector Pension Investment Board Acquires 121,663 Shares of Global Net Lease, Inc. $GNL

Public Sector Pension Investment Board raised its holdings in Global Net Lease, Inc. (NYSE:GNL) by 18.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 775,172 shares of the financial services provider’s stock after acquiring an additional 121,663 shares during the quarter. Public Sector Pension Investment Board’s holdings in Global Net Lease were worth $6,302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Royal Bank of Canada increased its position in shares of Global Net Lease by 60.7% in the first quarter. Royal Bank of Canada now owns 72,424 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 27,352 shares during the last quarter. Amundi increased its holdings in shares of Global Net Lease by 12.3% in the 1st quarter. Amundi now owns 118,450 shares of the financial services provider’s stock worth $924,000 after buying an additional 12,947 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Global Net Lease by 95.7% in the 1st quarter. AQR Capital Management LLC now owns 46,800 shares of the financial services provider’s stock worth $376,000 after buying an additional 22,885 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Global Net Lease during the 1st quarter valued at $296,000. Finally, United Services Automobile Association bought a new stake in shares of Global Net Lease during the 1st quarter worth $94,000. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Down 2.6%

Shares of NYSE:GNL opened at $9.59 on Thursday. The stock has a market capitalization of $2.10 billion, a P/E ratio of -6.70 and a beta of 1.13. The stock’s 50-day moving average price is $9.09 and its 200-day moving average price is $8.30. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.93. Global Net Lease, Inc. has a 12-month low of $6.51 and a 12-month high of $10.04.

Global Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, January 12th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend was Monday, January 12th. Global Net Lease’s payout ratio is -53.15%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup reissued an “outperform” rating on shares of Global Net Lease in a research note on Monday, January 12th. Wall Street Zen lowered Global Net Lease from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Citizens Jmp raised their price objective on Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Finally, Cantor Fitzgerald raised Global Net Lease to a “strong-buy” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Global Net Lease has an average rating of “Buy” and a consensus price target of $10.00.

Global Net Lease Profile

Global Net Lease (NYSE: GNL) is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company’s business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease’s portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.