Daiwa Securities Group Inc. boosted its stake in shares of Global Net Lease, Inc. (NYSE:GNL – Get Rating) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,903 shares of the financial services provider’s stock after purchasing an additional 1,160 shares during the period. Daiwa Securities Group Inc.’s holdings in Global Net Lease were worth $486,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System lifted its holdings in shares of Global Net Lease by 1.2% during the 1st quarter. New York State Teachers Retirement System now owns 56,754 shares of the financial services provider’s stock valued at $893,000 after buying an additional 700 shares during the period. Mutual of America Capital Management LLC boosted its position in Global Net Lease by 5.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 14,155 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 781 shares during the last quarter. Profund Advisors LLC increased its position in shares of Global Net Lease by 7.7% during the 4th quarter. Profund Advisors LLC now owns 11,597 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 833 shares during the last quarter. Texas Permanent School Fund lifted its stake in shares of Global Net Lease by 1.1% in the 4th quarter. Texas Permanent School Fund now owns 75,022 shares of the financial services provider’s stock worth $1,146,000 after purchasing an additional 833 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Global Net Lease by 43.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,300 shares of the financial services provider’s stock worth $50,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 71.73% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on GNL. StockNews.com assumed coverage on shares of Global Net Lease in a report on Thursday, March 31st. They set a “hold” rating for the company. JMP Securities initiated coverage on Global Net Lease in a report on Tuesday, May 10th. They issued a “market perform” rating on the stock. Finally, B. Riley reduced their price target on Global Net Lease from $24.00 to $20.00 in a research report on Monday, May 9th.
Global Net Lease Price Performance
Global Net Lease (NYSE:GNL – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.38). Global Net Lease had a net margin of 4.44% and a return on equity of 1.08%. During the same quarter in the prior year, the company earned $0.44 EPS. Research analysts expect that Global Net Lease, Inc. will post 1.69 EPS for the current fiscal year.
Global Net Lease Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Monday, July 11th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 10.69%. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, July 8th. Global Net Lease’s payout ratio is presently -1,066.60%.
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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