GSA Capital Partners LLP decreased its holdings in shares of Global Net Lease Inc (NYSE:GNL) by 47.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,966 shares of the financial services provider’s stock after selling 29,404 shares during the period. GSA Capital Partners LLP’s holdings in Global Net Lease were worth $673,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in Global Net Lease by 59.1% during the 1st quarter. BlackRock Inc. now owns 9,767,923 shares of the financial services provider’s stock worth $164,883,000 after buying an additional 3,630,221 shares during the period. Northern Trust Corp raised its stake in Global Net Lease by 5.6% during the 1st quarter. Northern Trust Corp now owns 1,205,918 shares of the financial services provider’s stock worth $20,356,000 after buying an additional 64,229 shares during the period. Bank of New York Mellon Corp raised its stake in Global Net Lease by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,183,017 shares of the financial services provider’s stock worth $24,169,000 after buying an additional 40,708 shares during the period. Dimensional Fund Advisors LP raised its stake in Global Net Lease by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 848,394 shares of the financial services provider’s stock worth $14,321,000 after buying an additional 82,599 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in Global Net Lease during the 1st quarter worth approximately $8,712,000. Institutional investors own 56.13% of the company’s stock.
GNL has been the topic of a number of research reports. Zacks Investment Research raised Global Net Lease from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Wednesday, August 15th. B. Riley set a $24.00 price target on Global Net Lease and gave the stock a “hold” rating in a research note on Friday, August 10th. Finally, ValuEngine raised Global Net Lease from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th.
Shares of Global Net Lease stock opened at $21.13 on Friday. The company has a market capitalization of $1.52 billion, a PE ratio of 10.51 and a beta of 0.54. Global Net Lease Inc has a 52 week low of $15.55 and a 52 week high of $22.53. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.08 and a quick ratio of 0.08.
Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $70.97 million during the quarter, compared to analysts’ expectations of $68.81 million. Global Net Lease had a return on equity of 1.69% and a net margin of 8.68%. equities research analysts predict that Global Net Lease Inc will post 2.05 earnings per share for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Monday, September 17th. Stockholders of record on Thursday, September 13th will be paid a $0.1775 dividend. This represents a $2.13 annualized dividend and a dividend yield of 10.08%. The ex-dividend date of this dividend is Wednesday, September 12th. Global Net Lease’s dividend payout ratio (DPR) is presently 105.97%.
Global Net Lease Company Profile
Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.
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