Principal Financial Group Inc. bought a new stake in Global Net Lease Inc (NYSE:GNL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,812 shares of the financial services provider’s stock, valued at approximately $237,000.

Other large investors have also bought and sold shares of the company. Daiwa Securities Group Inc. raised its position in Global Net Lease by 6.6% in the second quarter. Daiwa Securities Group Inc. now owns 4,866 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Global Net Lease by 50.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,368 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 1,793 shares during the period. GAM Holding AG raised its position in Global Net Lease by 48.6% in the second quarter. GAM Holding AG now owns 5,500 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 1,800 shares during the period. Pacad Investment Ltd. raised its position in Global Net Lease by 89.1% in the second quarter. Pacad Investment Ltd. now owns 8,701 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 4,100 shares during the period. Finally, Bank of Montreal Can purchased a new stake in Global Net Lease in the second quarter valued at $196,000. Institutional investors own 44.44% of the company’s stock.

In other news, CEO James Larry Nelson acquired 2,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost of $21.48 per share, with a total value of $42,960.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.19% of the company’s stock.

Shares of Global Net Lease Inc (GNL) opened at $21.42 on Friday. Global Net Lease Inc has a one year low of $20.71 and a one year 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 firm has a market capitalization of $1,441.29, a price-to-earnings ratio of 10.01 and a beta of 0.68.

The company also recently disclosed a monthly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 8th were paid a $0.1775 dividend. The ex-dividend date was Thursday, December 7th. This is a boost from Global Net Lease’s previous monthly dividend of $0.18. This represents a $2.13 dividend on an annualized basis and a dividend yield of 9.94%. Global Net Lease’s payout ratio is presently 434.68%.

A number of equities research analysts have commented on GNL shares. Zacks Investment Research downgraded Global Net Lease from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. B. Riley reaffirmed a “neutral” rating and issued a $26.00 price objective on shares of Global Net Lease in a research note on Tuesday, November 7th. FBR & Co reaffirmed a “hold” rating on shares of Global Net Lease in a research note on Tuesday, October 10th. 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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