Guild Investment Management Inc. raised its holdings in Global Net Lease Inc (NYSE:GNL) by 16.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,090 shares of the financial services provider’s stock after purchasing an additional 14,090 shares during the period. Global Net Lease makes up about 2.8% of Guild Investment Management Inc.’s portfolio, making the stock its 13th largest holding. Guild Investment Management Inc. owned approximately 0.12% of Global Net Lease worth $1,925,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. 6 Meridian lifted its holdings in shares of Global Net Lease by 2.8% during the 2nd quarter. 6 Meridian now owns 24,337 shares of the financial services provider’s stock worth $477,000 after acquiring an additional 656 shares during the period. Millennium Management LLC bought a new stake in shares of Global Net Lease during the 4th quarter worth approximately $597,000. Louisiana State Employees Retirement System lifted its holdings in shares of Global Net Lease by 9.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 31,300 shares of the financial services provider’s stock worth $592,000 after acquiring an additional 2,738 shares during the period. Norges Bank bought a new stake in shares of Global Net Lease during the 4th quarter worth approximately $19,165,000. Finally, Arizona State Retirement System lifted its holdings in shares of Global Net Lease by 10.4% during the 1st quarter. Arizona State Retirement System now owns 129,336 shares of the financial services provider’s stock worth $2,444,000 after acquiring an additional 12,186 shares during the period. 63.30% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Tuesday, July 16th. B. Riley set a $24.00 price objective on shares of Global Net Lease and gave the stock a “buy” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $24.00.
Global Net Lease (NYSE:GNL) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.33). The company had revenue of $76.12 million for the quarter, compared to analyst estimates of $76.60 million. Global Net Lease had a return on equity of 1.00% and a net margin of 4.96%. On average, analysts predict that Global Net Lease Inc will post 1.92 EPS for the current fiscal year.
The business also recently disclosed a monthly dividend, which was paid on Monday, July 15th. Investors of record on Thursday, July 11th were given a dividend of $0.533 per share. This represents a $6.40 dividend on an annualized basis and a yield of 32.01%. This is a boost from Global Net Lease’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, July 10th. Global Net Lease’s dividend payout ratio is currently 298.60%.
Global Net Lease Company Profile
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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