Global Net Lease, Inc. $GNL Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,332 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Global Net Lease were worth $425,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Arlington Trust Co LLC acquired a new position in shares of Global Net Lease during the second quarter valued at approximately $32,000. GAMMA Investing LLC increased its stake in shares of Global Net Lease by 100.6% during the second quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 2,752 shares during the period. Atlas Private Wealth Advisors acquired a new position in shares of Global Net Lease during the first quarter valued at approximately $85,000. Callan Family Office LLC acquired a new position in shares of Global Net Lease during the first quarter valued at approximately $85,000. Finally, Lee Johnson Capital Management LLC acquired a new position in shares of Global Net Lease during the second quarter valued at approximately $83,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Trading Down 0.6%

Shares of NYSE:GNL opened at $7.60 on Tuesday. The firm has a fifty day moving average of $7.87 and a two-hundred day moving average of $7.63. The firm has a market capitalization of $1.68 billion, a P/E ratio of -5.27 and a beta of 1.20. Global Net Lease, Inc. has a 12-month low of $6.51 and a 12-month high of $8.71. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.90.

Global Net Lease (NYSE:GNL) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $124.91 million during the quarter, compared to analyst estimates of $138.38 million. Global Net Lease had a negative net margin of 43.75% and a negative return on equity of 9.71%. On average, equities analysts expect that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Monday, October 13th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Friday, October 10th. Global Net Lease’s payout ratio is presently -52.78%.

Analyst Ratings Changes

GNL has been the topic of several recent research reports. KeyCorp upgraded shares of Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a research report on Tuesday, August 19th. Wall Street Zen raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. Finally, Colliers Securities raised shares of Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.20.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm 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.