Ladenburg Thalmann Financial Services Inc. lessened its holdings in shares of Global Net Lease Inc (NYSE:GNL) by 19.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,949 shares of the financial services provider’s stock after selling 38,504 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned approximately 0.23% of Global Net Lease worth $3,414,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Daiwa Securities Group Inc. grew its stake in 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 valued at $108,000 after acquiring an additional 300 shares in the last quarter. Investment Centers of America Inc. grew its stake in shares of Global Net Lease by 4.0% in the 2nd quarter. Investment Centers of America Inc. now owns 25,420 shares of the financial services provider’s stock valued at $566,000 after buying an additional 989 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Global Net Lease by 1.8% in the 2nd quarter. California Public Employees Retirement System now owns 55,299 shares of the financial services provider’s stock valued at $1,230,000 after buying an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Global Net Lease by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 53,162 shares of the financial services provider’s stock valued at $1,182,000 after buying an additional 1,162 shares in the last quarter. Finally, Citigroup Inc. grew its stake in shares of 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 buying an additional 1,294 shares in the last quarter. 44.44% of the stock is currently owned by institutional investors.

In other news, CEO James Larry Nelson purchased 2,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average price of $21.48 per share, with a total value of $42,960.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.19% of the company’s stock.

Shares of Global Net Lease Inc (GNL) opened at $21.49 on Thursday. The company has a market capitalization of $1,420.43, a P/E ratio of 9.86 and a beta of 0.68. Global Net Lease Inc has a 12 month low of $20.71 and a 12 month high of $25.25. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.30.

The company also recently declared a monthly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th were paid a $0.1775 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $2.13 annualized dividend and a dividend yield of 9.91%. Global Net Lease’s payout ratio is 434.68%.

Several brokerages recently commented on GNL. FBR & Co reissued a “hold” rating on shares of Global Net Lease in a research note on Tuesday, October 10th. B. Riley reissued a “neutral” rating and issued a $26.00 price target on shares of Global Net Lease in a research note on Tuesday, November 7th. Zacks Investment Research cut Global Net Lease from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, BidaskClub raised Global Net Lease from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd.

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Global Net Lease 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.

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

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