Global Net Lease, Inc. $GNL Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lessened its stake in Global Net Lease, Inc. (NYSE:GNL) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 278,354 shares of the financial services provider’s stock after selling 1,925 shares during the period. Asset Management One Co. Ltd. owned about 0.12% of Global Net Lease worth $2,102,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio acquired a new stake in shares of Global Net Lease during the 1st quarter worth approximately $302,000. Allianz Asset Management GmbH grew its stake in shares of Global Net Lease by 177.1% during the 1st quarter. Allianz Asset Management GmbH now owns 386,718 shares of the financial services provider’s stock worth $3,109,000 after purchasing an additional 247,140 shares during the period. Principal Financial Group Inc. grew its stake in shares of Global Net Lease by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 986,423 shares of the financial services provider’s stock worth $7,931,000 after purchasing an additional 25,741 shares during the period. M&T Bank Corp grew its stake in shares of Global Net Lease by 185.8% during the 1st quarter. M&T Bank Corp now owns 34,749 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 22,590 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Global Net Lease during the 1st quarter worth approximately $355,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on GNL. Colliers Securities raised Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, August 7th. Wall Street Zen raised Global Net Lease from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Finally, KeyCorp raised Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price objective on the stock in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Global Net Lease currently has an average rating of “Moderate Buy” and a consensus price target of $9.20.

Global Net Lease Stock Performance

NYSE GNL opened at $7.54 on Thursday. The company has a market cap of $1.67 billion, a PE ratio of -5.23 and a beta of 1.20. The stock’s 50 day simple moving average is $7.93 and its 200-day simple moving average is $7.66. Global Net Lease, Inc. has a 1-year low of $6.51 and a 1-year high of $8.35. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.13 and a quick ratio of 0.13.

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

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Monday, October 13th were given a dividend of $0.19 per share. The ex-dividend date was Friday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 10.1%. Global Net Lease’s dividend payout ratio (DPR) is presently -52.78%.

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.