IFP Advisors Inc held its position in shares of Global Net Lease, Inc. (NYSE:GNL) during the second quarter, Holdings Channel reports. The firm owned 16,636 shares of the financial services provider’s stock at the end of the second quarter. IFP Advisors Inc’s holdings in Global Net Lease were worth $370,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of GNL. Wellington Management Group LLP purchased a new position in shares of Global Net Lease during the first quarter worth $721,000. AE Wealth Management LLC purchased a new position in shares of Global Net Lease during the first quarter worth $217,000. Cipher Capital LP purchased a new position in shares of Global Net Lease during the first quarter worth $1,657,000. SG Americas Securities LLC purchased a new position in shares of Global Net Lease during the first quarter worth $101,000. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Global Net Lease during the first quarter worth $2,550,000. Institutional investors and hedge funds own 40.73% of the company’s stock.

Global Net Lease, Inc. (NYSE:GNL) opened at 21.29 on Wednesday. Global Net Lease, Inc. has a 12-month low of $20.71 and a 12-month high of $25.95. The firm has a 50 day moving average of $21.83 and a 200 day moving average of $20.54. The firm has a market capitalization of $1.43 billion, a P/E ratio of 35.78 and a beta of 0.69.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.1775 per share. This represents a $2.13 annualized dividend and a yield of 10.00%. The ex-dividend date is Thursday, September 7th. Global Net Lease’s dividend payout ratio (DPR) is presently 349.16%.

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A number of brokerages recently weighed in on GNL. Zacks Investment Research downgraded shares of Global Net Lease from a “buy” rating to a “hold” rating in a report on Monday, May 1st. BidaskClub upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, FBR & Co restated a “hold” rating on shares of Global Net Lease in a report on Tuesday, May 23rd.

About Global Net Lease

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

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