Public Sector Pension Investment Board Lowers Stock Holdings in Global Net Lease, Inc. (NYSE:GNL)

Public Sector Pension Investment Board reduced its position in Global Net Lease, Inc. (NYSE:GNL) by 1.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 216,713 shares of the financial services provider’s stock after selling 2,867 shares during the period. Public Sector Pension Investment Board owned about 0.22% of Global Net Lease worth $4,009,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GNL. ProShare Advisors LLC boosted its holdings in shares of Global Net Lease by 2.8% in the 2nd quarter. ProShare Advisors LLC now owns 27,512 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 742 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Global Net Lease by 17.2% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 6,129 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 901 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Global Net Lease by 8.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 12,096 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 933 shares during the last quarter. Ziegler Capital Management LLC boosted its holdings in shares of Global Net Lease by 1.5% in the 2nd quarter. Ziegler Capital Management LLC now owns 65,506 shares of the financial services provider’s stock valued at $1,212,000 after purchasing an additional 971 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Global Net Lease by 1.4% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 72,400 shares of the financial services provider’s stock valued at $1,308,000 after purchasing an additional 1,000 shares during the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

NYSE:GNL opened at $16.30 on Thursday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -52.58, a PEG ratio of 1.60 and a beta of 1.16. The firm’s fifty day simple moving average is $16.88 and its 200 day simple moving average is $18.18. Global Net Lease, Inc. has a twelve month low of $13.95 and a twelve month high of $20.11.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Thursday, August 5th. The financial services provider reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.57). Global Net Lease had a return on equity of 0.15% and a net margin of 0.67%. On average, analysts predict that Global Net Lease, Inc. will post 1.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Monday, October 11th will be issued a $0.40 dividend. The ex-dividend date is Friday, October 8th. This represents a $1.60 dividend on an annualized basis and a yield of 9.82%. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s payout ratio is currently 89.39%.

GNL has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Global Net Lease from a “hold” rating to a “strong sell” rating in a report on Friday, August 13th. KeyCorp started coverage on shares of Global Net Lease in a report on Tuesday, July 20th. They set a “sector weight” rating and a $17.82 target price on the stock. Finally, Colliers Securities started coverage on shares of Global Net Lease in a report on Thursday, June 17th. They set a “neutral” rating and a $21.00 target price on the stock.

Global Net Lease Company Profile

Global Net Lease, Inc engages in the as a real estate investment services. It is 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 U.S., Western, and Northern Europe.

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

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