LDR Capital Management LLC bought a new stake in Global Net Lease Inc (NYSE:GNL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 154,907 shares of the financial services provider’s stock, valued at approximately $3,188,000. Global Net Lease makes up about 2.8% of LDR Capital Management LLC’s holdings, making the stock its 16th biggest holding.
Several other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in Global Net Lease by 56.7% during the 3rd quarter. Wells Fargo & Company MN now owns 90,484 shares of the financial services provider’s stock valued at $1,982,000 after purchasing an additional 32,741 shares in the last quarter. Eii Capital Management Inc. acquired a new stake in Global Net Lease during the 3rd quarter valued at approximately $891,000. Global X MANAGEMENT CO LLC grew its stake in Global Net Lease by 5.3% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 390,241 shares of the financial services provider’s stock valued at $8,542,000 after purchasing an additional 19,748 shares in the last quarter. Legal & General Group Plc grew its stake in Global Net Lease by 56.7% during the 3rd quarter. Legal & General Group Plc now owns 198,958 shares of the financial services provider’s stock valued at $4,355,000 after purchasing an additional 72,024 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in Global Net Lease during the 3rd quarter valued at approximately $272,000. Institutional investors and hedge funds own 44.44% of the company’s stock.
In other Global Net Lease news, CEO James Larry Nelson acquired 2,000 shares of the stock in a transaction on Monday, November 20th. The stock was purchased at an average price of $21.48 per share, for a total transaction of $42,960.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.19% of the stock is owned by company insiders.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.1775 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $2.13 dividend on an annualized basis and a yield of 12.99%. Global Net Lease’s dividend payout ratio (DPR) is presently 434.68%.
A number of brokerages have weighed in on GNL. B. Riley restated a “neutral” rating and set a $26.00 price objective on shares of Global Net Lease in a research note on Tuesday, November 7th. Zacks Investment Research lowered Global Net Lease from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd.
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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.
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