BlackRock Inc. grew its stake in Global Net Lease Inc (NYSE:GNL) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,137,702 shares of the financial services provider’s stock after purchasing an additional 397,416 shares during the period. BlackRock Inc. owned about 9.12% of Global Net Lease worth $126,314,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of GNL. First Trust Advisors LP boosted its position in Global Net Lease by 15.2% during the 3rd quarter. First Trust Advisors LP now owns 20,039 shares of the financial services provider’s stock worth $439,000 after buying an additional 2,644 shares during the period. Principal Financial Group Inc. acquired a new stake in Global Net Lease during the 3rd quarter worth approximately $237,000. Sei Investments Co. boosted its position in Global Net Lease by 19.1% during the 3rd quarter. Sei Investments Co. now owns 17,853 shares of the financial services provider’s stock worth $391,000 after buying an additional 2,863 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Global Net Lease during the 3rd quarter worth approximately $303,000. Finally, Bank of New York Mellon Corp boosted its position in Global Net Lease by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 637,147 shares of the financial services provider’s stock worth $13,947,000 after buying an additional 12,301 shares during the period. Institutional investors own 48.66% of the company’s stock.
GNL has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Global Net Lease from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. B. Riley reiterated a “neutral” rating on shares of Global Net Lease in a research report on Friday, March 9th.
Global Net Lease stock opened at $16.25 on Friday. The stock has a market cap of $1,119.80, a P/E ratio of 52.42 and a beta of 0.64. Global Net Lease Inc has a 1 year low of $15.55 and a 1 year high of $24.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.09 and a quick ratio of 0.09.
The company also recently declared a monthly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 8th were given a $0.1775 dividend. The ex-dividend date was Wednesday, March 7th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 13.11%. Global Net Lease’s dividend payout ratio (DPR) is currently 687.10%.
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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