Texas Permanent School Fund Buys 7,146 Shares of Global Net Lease Inc (GNL)

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Texas Permanent School Fund grew its stake in Global Net Lease Inc (NYSE:GNL) by 14.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,927 shares of the financial services provider’s stock after purchasing an additional 7,146 shares during the period. Texas Permanent School Fund’s holdings in Global Net Lease were worth $1,076,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its position in Global Net Lease by 2.4% in the 4th quarter. New York State Teachers Retirement System now owns 51,656 shares of the financial services provider’s stock worth $910,000 after purchasing an additional 1,190 shares in the last quarter. Prudential Financial Inc. boosted its position in Global Net Lease by 16.5% in the 4th quarter. Prudential Financial Inc. now owns 465,301 shares of the financial services provider’s stock worth $8,198,000 after purchasing an additional 65,853 shares in the last quarter. Rational Advisors LLC purchased a new stake in Global Net Lease in the 4th quarter worth approximately $352,000. Millennium Management LLC purchased a new stake in Global Net Lease in the 4th quarter worth approximately $597,000. Finally, Louisiana State Employees Retirement System boosted its position in Global Net Lease by 9.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 31,300 shares of the financial services provider’s stock worth $592,000 after purchasing an additional 2,738 shares in the last quarter. Institutional investors and hedge funds own 63.48% of the company’s stock.

In other Global Net Lease news, CEO James Larry Nelson bought 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average price of $18.41 per share, for a total transaction of $110,460.00. Following the transaction, the chief executive officer now directly owns 14,000 shares of the company’s stock, valued at approximately $257,740. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Several research firms have commented on GNL. Zacks Investment Research lowered Global Net Lease from a “hold” rating to a “sell” rating in a research report on Tuesday, May 21st. B. Riley upgraded Global Net Lease from a “neutral” rating to a “buy” rating and decreased their target price for the company from $25.00 to $24.00 in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Global Net Lease currently has a consensus rating of “Hold” and a consensus price target of $24.00.

Shares of NYSE:GNL opened at $18.84 on Monday. Global Net Lease Inc has a 1 year low of $16.95 and a 1 year high of $22.53. The company has a market cap of $1.58 billion, a PE ratio of 8.80 and a beta of 0.70. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.08 and a current ratio of 0.08.

Global Net Lease (NYSE:GNL) last announced its earnings results on Thursday, May 9th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.43). Global Net Lease had a net margin of 4.96% and a return on equity of 1.00%. The business had revenue of $75.47 million for the quarter, compared to analysts’ expectations of $75.92 million. Sell-side analysts expect that Global Net Lease Inc will post 1.92 EPS for the current fiscal year.

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About Global Net Lease

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.

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

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