Advisor Group Inc. reduced its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 230,269 shares of the financial services provider’s stock after selling 5,397 shares during the quarter. Advisor Group Inc. owned about 0.34% of Global Net Lease worth $5,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in Global Net Lease by 166.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 275,497 shares of the financial services provider’s stock worth $6,634,000 after purchasing an additional 172,266 shares during the period. Balyasny Asset Management LLC purchased a new position in Global Net Lease during the 2nd quarter worth $7,074,000. IndexIQ Advisors LLC increased its holdings in Global Net Lease by 12.0% during the 2nd quarter. IndexIQ Advisors LLC now owns 80,435 shares of the financial services provider’s stock worth $1,789,000 after purchasing an additional 8,603 shares during the period. State of Alaska Department of Revenue increased its holdings in Global Net Lease by 11.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 35,276 shares of the financial services provider’s stock worth $784,000 after purchasing an additional 3,570 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in Global Net Lease by 41.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 30,811 shares of the financial services provider’s stock worth $685,000 after purchasing an additional 8,953 shares during the period. Institutional investors own 42.28% of the company’s stock.

Several research analysts have commented on GNL shares. B. Riley restated a “neutral” rating and set a $26.00 price objective on shares of Global Net Lease in a report on Tuesday, November 7th. Zacks Investment Research downgraded Global Net Lease from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. BidaskClub downgraded Global Net Lease from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, FBR & Co restated a “hold” rating on shares of Global Net Lease in a report on Tuesday, October 10th.

Shares of Global Net Lease, Inc. (NYSE GNL) traded up $0.15 during trading hours on Tuesday, hitting $21.58. The stock had a trading volume of 209,800 shares, compared to its average volume of 340,606. Global Net Lease, Inc. has a twelve month low of $20.71 and a twelve month high of $25.25. The stock has a market cap of $1,441.96, a P/E ratio of 10.01 and a beta of 0.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.07 and a quick ratio of 0.07.

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th will be issued a $0.1775 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 9.87%. Global Net Lease’s dividend payout ratio is presently 434.68%.

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Global Net Lease Company Profile

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.

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

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