BidaskClub downgraded shares of Global Net Lease, Inc. (NYSE:GNL) from a hold rating to a sell rating in a report released on Thursday morning.

Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Global Net Lease from a buy rating to a hold rating in a research report on Monday, May 1st. FBR & Co restated a hold rating on shares of Global Net Lease in a research report on Thursday, April 13th.

Shares of Global Net Lease (NYSE GNL) traded down 0.32% during trading on Thursday, hitting $21.98. 42,143 shares of the stock traded hands. The company has a 50 day moving average of $22.21 and a 200-day moving average of $23.15. Global Net Lease has a 1-year low of $20.76 and a 1-year high of $26.46. The company has a market cap of $1.46 billion, a PE ratio of 27.51 and a beta of 0.69.

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The firm also recently announced a monthly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, July 7th were given a dividend of $0.1775 per share. The ex-dividend date was Wednesday, July 5th. This represents a $2.13 dividend on an annualized basis and a yield of 9.66%. Global Net Lease’s payout ratio is presently 266.23%.

Several hedge funds have recently made changes to their positions in the stock. Sei Investments Co. boosted its stake in shares of Global Net Lease by 51.9% in the second quarter. Sei Investments Co. now owns 14,990 shares of the financial services provider’s stock worth $333,000 after buying an additional 5,119 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Global Net Lease by 6.6% in the second quarter. Daiwa Securities Group Inc. now owns 4,866 shares of the financial services provider’s stock worth $108,000 after buying an additional 300 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Global Net Lease by 68.9% in the second quarter. Russell Investments Group Ltd. now owns 95,848 shares of the financial services provider’s stock worth $2,131,000 after buying an additional 39,095 shares during the period. Forsta AP Fonden bought a new stake in shares of Global Net Lease during the second quarter worth approximately $865,000. Finally, Orinda Asset Management LLC boosted its stake in shares of Global Net Lease by 26.2% in the second quarter. Orinda Asset Management LLC now owns 120,381 shares of the financial services provider’s stock worth $2,677,000 after buying an additional 25,000 shares during the period. 41.05% of the stock is owned by institutional investors.

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.

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