Alliancebernstein L.P. increased its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 10.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,836 shares of the financial services provider’s stock after purchasing an additional 10,758 shares during the quarter. Alliancebernstein L.P. owned 0.18% of Global Net Lease worth $2,598,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GNL. Russell Investments Group Ltd. lifted its holdings in shares of Global Net Lease by 55.7% during the first quarter. Russell Investments Group Ltd. now owns 56,753 shares of the financial services provider’s stock worth $1,367,000 after purchasing an additional 20,305 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Global Net Lease by 57.4% during the first quarter. UBS Asset Management Americas Inc. now owns 104,010 shares of the financial services provider’s stock worth $2,505,000 after purchasing an additional 37,942 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Global Net Lease during the first quarter worth $101,000. Wellington Management Group LLP acquired a new stake in shares of Global Net Lease during the first quarter worth $721,000. Finally, Legal & General Group Plc lifted its holdings in shares of Global Net Lease by 183.1% during the first quarter. Legal & General Group Plc now owns 117,650 shares of the financial services provider’s stock worth $2,832,000 after purchasing an additional 76,089 shares during the period. 42.50% of the stock is owned by hedge funds and other institutional investors.

GNL has been the subject of several recent research reports. Zacks Investment Research raised Global Net Lease from a “strong sell” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub raised Global Net Lease from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, FBR & Co reaffirmed a “hold” rating on shares of Global Net Lease in a report on Tuesday.

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Shares of Global Net Lease, Inc. (NYSE:GNL) opened at 22.22 on Friday. The company’s 50 day moving average price is $21.77 and its 200 day moving average price is $21.77. Global Net Lease, Inc. has a one year low of $20.76 and a one year high of $25.25. The firm has a market capitalization of $1.49 billion, a P/E ratio of 37.34 and a beta of 0.69.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th will be paid a $0.1775 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $2.13 annualized dividend and a dividend yield of 9.59%. Global Net Lease’s payout ratio is 349.16%.

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

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