Zacks Investment Research downgraded shares of Global Net Lease, Inc. (NYSE:GNL) from a hold rating to a sell rating in a research report released on Monday.

According to Zacks, “Global Net Lease, Inc. is a real estate investment trust which focused on sale-leaseback properties primarily in the United States and Europe. Global Net Lease, Inc. is based in New York, United States. “

Separately, BidaskClub downgraded shares of Global Net Lease from a sell rating to a strong sell rating in a report on Wednesday, August 9th.

Global Net Lease (NYSE:GNL) traded down 0.09% on Monday, reaching $21.93. 9,616 shares of the company’s stock were exchanged. The company has a market capitalization of $1.47 billion, a PE ratio of 36.86 and a beta of 0.69. Global Net Lease has a 1-year low of $20.76 and a 1-year high of $25.25. The company has a 50 day moving average price of $21.64 and a 200-day moving average price of $21.64.

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The company also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th will be given a $0.1775 dividend. This represents a $2.13 annualized dividend and a dividend yield of 9.70%. The ex-dividend date is Tuesday, November 7th. Global Net Lease’s dividend payout ratio (DPR) is currently 349.16%.

A number of hedge funds have recently bought and sold shares of the business. M Holdings Securities Inc. grew its position in Global Net Lease by 199.6% during the second quarter. M Holdings Securities Inc. now owns 51,659 shares of the financial services provider’s stock valued at $1,149,000 after acquiring an additional 34,418 shares during the period. WFG Advisors LP raised its holdings in shares of Global Net Lease by 17.0% in the 2nd quarter. WFG Advisors LP now owns 93,022 shares of the financial services provider’s stock worth $2,069,000 after purchasing an additional 13,516 shares during the period. Family Management Corp purchased a new position in shares of Global Net Lease in the 2nd quarter worth about $202,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Global Net Lease in the 2nd quarter worth about $412,000. Finally, National Asset Management Inc. raised its holdings in shares of Global Net Lease by 7.4% in the 2nd quarter. National Asset Management Inc. now owns 275,520 shares of the financial services provider’s stock worth $6,128,000 after purchasing an additional 19,099 shares during the period. 42.50% of the stock is owned by hedge funds and other 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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