Ladenburg Thalmann Financial Services Inc. reduced its position in shares of Global Net Lease Inc (NYSE:GNL) by 9.8% during the 4th quarter, HoldingsChannel reports. The fund owned 140,681 shares of the financial services provider’s stock after selling 15,268 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Global Net Lease were worth $2,896,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. AE Wealth Management LLC raised its position in Global Net Lease by 20.2% during the third quarter. AE Wealth Management LLC now owns 14,497 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 2,440 shares in the last quarter. First Trust Advisors LP raised its position in Global Net Lease by 15.2% during the third quarter. First Trust Advisors LP now owns 20,039 shares of the financial services provider’s stock worth $439,000 after acquiring an additional 2,644 shares in the last quarter. Sei Investments Co. raised its position in Global Net Lease by 19.1% during the third quarter. Sei Investments Co. now owns 17,853 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 2,863 shares in the last quarter. California Public Employees Retirement System raised its position in Global Net Lease by 5.7% during the fourth quarter. California Public Employees Retirement System now owns 60,580 shares of the financial services provider’s stock worth $1,247,000 after acquiring an additional 3,281 shares in the last quarter. Finally, American International Group Inc. raised its position in Global Net Lease by 8.1% during the third quarter. American International Group Inc. now owns 44,897 shares of the financial services provider’s stock worth $983,000 after acquiring an additional 3,357 shares in the last quarter. 48.66% of the stock is currently owned by hedge funds and other institutional investors.

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Several analysts have issued reports on GNL shares. Zacks Investment Research lowered shares of Global Net Lease from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. B. Riley set a $22.00 price target on shares of Global Net Lease and gave the stock a “buy” rating in a research report on Tuesday, February 27th.

In related news, CEO James Larry Nelson acquired 6,000 shares of the company’s stock in a transaction dated Monday, March 19th. The shares were bought at an average cost of $16.66 per share, with a total value of $99,960.00. Following the completion of the transaction, the chief executive officer now directly owns 8,000 shares of the company’s stock, valued at $133,280. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.19% of the stock is owned by corporate insiders.

Global Net Lease stock opened at $16.57 on Thursday. The firm has a market cap of $1,118.46, a PE ratio of 8.22 and a beta of 0.64. Global Net Lease Inc has a 1 year low of $15.55 and a 1 year high of $24.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.09 and a quick ratio of 0.09.

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 8th were given a $0.1775 dividend. This represents a $2.13 annualized dividend and a dividend yield of 12.85%. The ex-dividend date of this dividend was Wednesday, March 7th. Global Net Lease’s payout ratio is presently 687.10%.

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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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