Zacks Investment Research lowered shares of Global Net Lease, Inc. (NYSE:GNL) from a hold rating to a sell rating in a research note published on Tuesday.

According to Zacks, “Global Net Lease, Inc. is a real estate investment trust which focused on sale-leaseback properties primarily in the United States and Europe. Global Net Lease, Inc. is based in New York, United States. “

Separately, BidaskClub cut Global Net Lease from a sell rating to a strong sell rating in a research note on Wednesday, August 9th.

Global Net Lease (NYSE:GNL) traded down 0.14% during midday trading on Tuesday, reaching $21.89. The company had a trading volume of 244,411 shares. The company has a market capitalization of $1.47 billion, a P/E ratio of 36.79 and a beta of 0.69. The firm has a 50-day moving average of $21.53 and a 200 day moving average of $21.53. Global Net Lease has a 1-year low of $20.76 and a 1-year high of $25.25.

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The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th will be paid a $0.1775 dividend. This represents a $2.13 dividend on an annualized basis and a yield of 9.73%. The ex-dividend date of this dividend is Tuesday, November 7th. Global Net Lease’s dividend payout ratio (DPR) is presently 349.16%.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Global Net Lease by 3.4% in the second quarter. Vanguard Group Inc. now owns 10,331,374 shares of the financial services provider’s stock valued at $229,770,000 after buying an additional 341,621 shares during the last quarter. BlackRock Inc. raised its stake in Global Net Lease by 4.1% in the second quarter. BlackRock Inc. now owns 5,290,884 shares of the financial services provider’s stock valued at $117,670,000 after buying an additional 206,552 shares during the last quarter. State Street Corp raised its stake in Global Net Lease by 10.8% in the second quarter. State Street Corp now owns 1,532,357 shares of the financial services provider’s stock valued at $34,080,000 after buying an additional 149,708 shares during the last quarter. Northern Trust Corp raised its stake in Global Net Lease by 9.7% in the second quarter. Northern Trust Corp now owns 1,118,646 shares of the financial services provider’s stock valued at $24,879,000 after buying an additional 98,929 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Global Net Lease by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 624,846 shares of the financial services provider’s stock valued at $13,896,000 after buying an additional 17,696 shares during the last quarter. Institutional investors own 42.50% of the company’s stock.

Global Net Lease Company Profile

Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.

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