Cypress Wealth Services LLC acquired a new position in Global Net Lease Inc (NYSE:GNL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,383 shares of the financial services provider’s stock, valued at approximately $419,000.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Global Net Lease by 3.4% during the second quarter. Vanguard Group Inc. now owns 10,331,374 shares of the financial services provider’s stock valued at $229,770,000 after acquiring an additional 341,621 shares during the last quarter. BlackRock Inc. grew its position in Global Net Lease by 4.1% during the second quarter. BlackRock Inc. now owns 5,290,884 shares of the financial services provider’s stock valued at $117,670,000 after acquiring an additional 206,552 shares during the last quarter. State Street Corp grew its position in Global Net Lease by 10.8% during the second quarter. State Street Corp now owns 1,532,357 shares of the financial services provider’s stock valued at $34,080,000 after acquiring an additional 149,708 shares during the last quarter. Northern Trust Corp grew its position in Global Net Lease by 9.7% during the second quarter. Northern Trust Corp now owns 1,118,646 shares of the financial services provider’s stock valued at $24,879,000 after acquiring an additional 98,929 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Global Net Lease by 13.4% during the third quarter. Dimensional Fund Advisors LP now owns 698,820 shares of the financial services provider’s stock valued at $15,297,000 after acquiring an additional 82,637 shares during the last quarter. Institutional investors own 44.44% of the company’s stock.
GNL has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Global Net Lease from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. B. Riley reissued a “neutral” rating and set a $26.00 price objective on shares of Global Net Lease in a research note on Tuesday, November 7th.
Shares of Global Net Lease Inc (NYSE:GNL) opened at $16.90 on Thursday. The firm has a market capitalization of $1,156.67, a P/E ratio of 8.03 and a beta of 0.45. Global Net Lease Inc has a 52 week low of $16.56 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.
Global Net Lease (NYSE:GNL) last released its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.49). Global Net Lease had a net margin of 12.65% and a return on equity of 2.29%. sell-side analysts forecast that Global Net Lease Inc will post 2.02 EPS for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th will be paid a dividend of $0.1775 per share. This represents a $2.13 dividend on an annualized basis and a dividend yield of 12.60%. The ex-dividend date of this dividend is Wednesday, February 7th. Global Net Lease’s dividend payout ratio (DPR) is presently 434.68%.
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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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