Menta Capital LLC Invests $1.11 Million in Global Net Lease, Inc. (GNL)

Menta Capital LLC bought a new position in Global Net Lease, Inc. (NYSE:GNL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 46,100 shares of the financial services provider’s stock, valued at approximately $1,110,000.

Several other hedge funds have also recently bought and sold shares of the company. Global X Management Co. LLC purchased a new stake in Global Net Lease during the first quarter worth approximately $8,516,000. Legal & General Group Plc boosted its stake in Global Net Lease by 183.1% in the first quarter. Legal & General Group Plc now owns 117,650 shares of the financial services provider’s stock worth $2,832,000 after buying an additional 76,089 shares during the period. Wellington Management Group LLP purchased a new stake in Global Net Lease during the first quarter worth approximately $721,000. AE Wealth Management LLC purchased a new stake in Global Net Lease during the first quarter worth approximately $217,000. Finally, Cipher Capital LP purchased a new stake in Global Net Lease during the first quarter worth approximately $1,657,000. Institutional investors and hedge funds own 40.79% of the company’s stock.

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

Shares of Global Net Lease, Inc. (NYSE:GNL) traded down 1.128% during trading on Tuesday, reaching $22.345. The company had a trading volume of 114,198 shares. The stock has a 50 day moving average of $22.56 and a 200 day moving average of $16.58. Global Net Lease, Inc. has a 52-week low of $20.76 and a 52-week high of $26.46. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 27.966 and a beta of 0.69.

The business also recently declared a monthly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 8th were given a dividend of $0.1775 per share. The ex-dividend date was Tuesday, June 6th. This represents a $2.13 annualized dividend and a dividend yield of 9.42%. Global Net Lease’s payout ratio is 266.23%.

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A number of research firms have recently commented on GNL. BidaskClub upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. FBR & Co restated a “hold” rating on shares of Global Net Lease in a research report on Tuesday, May 23rd. Finally, Zacks Investment Research cut Global Net Lease from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 10th.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GNL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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