Advisor Group Holdings Inc. raised its stake in shares of Global Net Lease, Inc. (NYSE:GNL – Get Rating) by 1.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 454,330 shares of the financial services provider’s stock after acquiring an additional 5,806 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Global Net Lease were worth $6,979,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in Global Net Lease by 13.2% during the 4th quarter. State Street Corp now owns 5,801,202 shares of the financial services provider’s stock valued at $88,642,000 after purchasing an additional 677,182 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Global Net Lease by 17.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,002,351 shares of the financial services provider’s stock valued at $15,316,000 after acquiring an additional 145,495 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Global Net Lease by 4.3% in the 4th quarter. Invesco Ltd. now owns 2,517,095 shares of the financial services provider’s stock worth $38,462,000 after acquiring an additional 102,956 shares in the last quarter. Yousif Capital Management LLC bought a new stake in Global Net Lease during the 4th quarter worth approximately $1,431,000. Finally, Nisa Investment Advisors LLC raised its position in Global Net Lease by 134.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 145,709 shares of the financial services provider’s stock valued at $2,089,000 after purchasing an additional 83,630 shares during the last quarter. Institutional investors and hedge funds own 71.73% of the company’s stock.
Global Net Lease Trading Up 1.0 %
GNL stock opened at $14.57 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.33. Global Net Lease, Inc. has a twelve month low of $12.79 and a twelve month high of $18.51. The company has a market cap of $1.51 billion, a P/E ratio of -97.13, a PEG ratio of 1.46 and a beta of 1.05. The business has a fifty day moving average of $14.34 and a 200-day moving average of $14.45.
Global Net Lease Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Monday, July 11th were issued a $0.40 dividend. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.60 annualized dividend and a yield of 10.98%. The ex-dividend date was Friday, July 8th. Global Net Lease’s dividend payout ratio is currently -1,066.60%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. B. Riley decreased their target price on Global Net Lease from $24.00 to $20.00 in a report on Monday, May 9th. JMP Securities began coverage on shares of Global Net Lease in a research report on Tuesday, May 10th. They issued a “market perform” rating for the company.
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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