Stevens Capital Management LP Acquires Shares of 21,660 Global Net Lease, Inc. (GNL)

Stevens Capital Management LP acquired a new position in shares of Global Net Lease, Inc. (NYSE:GNL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,660 shares of the financial services provider’s stock, valued at approximately $474,000.

Several other large investors have also recently made changes to their positions in the company. Forsta AP Fonden grew its holdings in shares of Global Net Lease by 77.6% during the 3rd quarter. Forsta AP Fonden now owns 69,100 shares of the financial services provider’s stock worth $1,513,000 after purchasing an additional 30,200 shares in the last quarter. Concorde Asset Management LLC boosted its stake in Global Net Lease by 58.2% in the 3rd quarter. Concorde Asset Management LLC now owns 76,978 shares of the financial services provider’s stock valued at $1,685,000 after buying an additional 28,330 shares in the last quarter. First Trust Advisors LP boosted its stake in Global Net Lease by 15.2% in the 3rd quarter. First Trust Advisors LP now owns 20,039 shares of the financial services provider’s stock valued at $439,000 after buying an additional 2,644 shares in the last quarter. Orinda Asset Management LLC boosted its stake in Global Net Lease by 12.5% in the 3rd quarter. Orinda Asset Management LLC now owns 135,381 shares of the financial services provider’s stock valued at $2,963,000 after buying an additional 15,000 shares in the last quarter. Finally, Pensionfund Sabic acquired a new stake in Global Net Lease in the 3rd quarter valued at $416,000. 42.28% of the stock is currently owned by institutional investors.

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Several analysts recently commented on GNL shares. FBR & Co reaffirmed a “hold” rating on shares of Global Net Lease in a research note on Tuesday, October 10th. B. Riley reissued a “neutral” rating and issued a $26.00 price objective on shares of Global Net Lease in a research note on Tuesday, November 7th. BidaskClub lowered Global Net Lease from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research lowered Global Net Lease from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd.

Shares of Global Net Lease, Inc. (NYSE GNL) opened at $21.49 on Friday. The firm has a market capitalization of $1,440.00 and a price-to-earnings ratio of 10.08. Global Net Lease, Inc. has a 52-week low of $20.71 and a 52-week high of $25.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.07 and a current ratio of 0.07.

The company also recently announced a monthly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were given a dividend of $0.1775 per share. The ex-dividend date was Tuesday, November 7th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 9.91%. Global Net Lease’s payout ratio is currently 434.69%.

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

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