Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Global Net Lease, Inc. (NYSE:GNL) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,820 shares of the financial services provider’s stock, valued at approximately $303,000.

Several other hedge funds also recently made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its holdings in shares of Global Net Lease by 6.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,866 shares of the financial services provider’s stock worth $108,000 after buying an additional 300 shares during the period. Investment Centers of America Inc. boosted its holdings in shares of Global Net Lease by 4.0% during the 2nd quarter. Investment Centers of America Inc. now owns 25,420 shares of the financial services provider’s stock worth $566,000 after buying an additional 989 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Global Net Lease by 1.8% during the 2nd quarter. California Public Employees Retirement System now owns 55,299 shares of the financial services provider’s stock worth $1,230,000 after buying an additional 1,000 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Global Net Lease by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 53,162 shares of the financial services provider’s stock worth $1,182,000 after buying an additional 1,162 shares during the period. Finally, Citigroup Inc. boosted its holdings in Global Net Lease by 5.7% in the 2nd quarter. Citigroup Inc. now owns 23,920 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 1,294 shares during the period. 44.44% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on GNL shares. B. Riley reissued a “neutral” rating and issued a $26.00 price objective on shares of Global Net Lease in a report on Tuesday, November 7th. Zacks Investment Research downgraded shares of Global Net Lease from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. FBR & Co reissued a “hold” rating on shares of Global Net Lease in a report on Tuesday, October 10th. Finally, BidaskClub raised shares of Global Net Lease from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 22nd.

Global Net Lease, Inc. (NYSE GNL) traded up $0.03 during midday trading on Monday, reaching $21.66. 288,900 shares of the company’s stock were exchanged, compared to its average volume of 334,829. The company has a market cap of $1,457.43, a P/E ratio of 10.12 and a beta of 0.68. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.30. Global Net Lease, Inc. has a 52-week low of $20.71 and a 52-week high of $25.25.

The company also recently announced a monthly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were given a $0.1775 dividend. This represents a $2.13 annualized dividend and a dividend yield of 9.83%. The ex-dividend date was Tuesday, November 7th. Global Net Lease’s payout ratio is presently 434.68%.

In other news, CEO James Larry Nelson bought 2,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was bought at an average cost of $21.48 per share, for a total transaction of $42,960.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by insiders.

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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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