BNP Paribas Arbitrage SA Cuts Position in Global Net Lease, Inc. (GNL)

BNP Paribas Arbitrage SA reduced its stake in Global Net Lease, Inc. (NYSE:GNL) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,085 shares of the financial services provider’s stock after selling 2,726 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Global Net Lease were worth $615,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of GNL. Dimensional Fund Advisors LP lifted its position in Global Net Lease by 213.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 410,650 shares of the financial services provider’s stock valued at $9,888,000 after acquiring an additional 279,654 shares in the last quarter. Bank of Montreal Can bought a new stake in Global Net Lease during the 2nd quarter worth about $196,000. Nisa Investment Advisors LLC lifted its position in Global Net Lease by 319.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 20,970 shares of the financial services provider’s stock worth $471,000 after buying an additional 15,971 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Global Net Lease by 68.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 95,848 shares of the financial services provider’s stock worth $2,131,000 after buying an additional 39,095 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Global Net Lease by 6.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,866 shares of the financial services provider’s stock worth $108,000 after buying an additional 300 shares in the last quarter. 44.44% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on GNL. BidaskClub cut shares of Global Net Lease from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. FBR & Co reissued a “hold” rating on shares of Global Net Lease in a research report on Tuesday, October 10th. Zacks Investment Research cut shares of Global Net Lease from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, B. Riley reissued a “neutral” rating and set a $26.00 price target on shares of Global Net Lease in a research report on Tuesday, November 7th.

In other news, CEO James Larry Nelson acquired 2,000 shares of the stock in a transaction dated Monday, November 20th. The shares were bought at an average cost of $21.48 per share, for a total transaction of $42,960.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by insiders.

Shares of Global Net Lease, Inc. (NYSE:GNL) traded up $0.01 during trading hours on Thursday, reaching $21.38. 334,200 shares of the company’s stock traded hands, compared to its average volume of 334,736. The company has a market cap of $1,437.92, a PE ratio of 9.99 and a beta of 0.68. Global Net Lease, Inc. has a 52-week low of $20.71 and a 52-week high of $25.25. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.30.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were paid a dividend of $0.1775 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $2.13 annualized dividend and a dividend yield of 9.96%. Global Net Lease’s dividend payout ratio is presently 434.68%.

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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.

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

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