Balyasny Asset Management LLC bought a new position in shares of Global Net Lease, Inc. (NYSE:GNL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 318,059 shares of the financial services provider’s stock, valued at approximately $7,074,000. Balyasny Asset Management LLC owned about 0.47% of Global Net Lease as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GNL. BlackRock Inc. raised its stake in Global Net Lease by 11,116.3% during the first quarter. BlackRock Inc. now owns 5,084,332 shares of the financial services provider’s stock worth $122,429,000 after buying an additional 5,039,002 shares during the last quarter. Vanguard Group Inc. raised its stake in Global Net Lease by 3.4% during the second quarter. Vanguard Group Inc. now owns 10,331,374 shares of the financial services provider’s stock worth $229,770,000 after buying an additional 341,621 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Global Net Lease by 213.5% during the first quarter. Dimensional Fund Advisors LP now owns 410,650 shares of the financial services provider’s stock worth $9,888,000 after buying an additional 279,654 shares during the last quarter. Citadel Advisors LLC raised its stake in Global Net Lease by 806.4% during the second quarter. Citadel Advisors LLC now owns 232,432 shares of the financial services provider’s stock worth $5,169,000 after buying an additional 206,788 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Global Net Lease by 67.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 434,009 shares of the financial services provider’s stock worth $9,653,000 after buying an additional 174,670 shares during the last quarter. 42.50% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on GNL. BidaskClub downgraded shares of Global Net Lease from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research downgraded shares of Global Net Lease from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd.

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Shares of Global Net Lease, Inc. (GNL) opened at 21.89 on Friday. The company has a market capitalization of $1.47 billion, a P/E ratio of 36.79 and a beta of 0.69. Global Net Lease, Inc. has a 1-year low of $20.76 and a 1-year high of $25.25. The firm has a 50-day moving average of $21.71 and a 200 day moving average of $21.71.

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

About Global Net Lease

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.

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

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