Legal & General Group Plc grew its holdings in shares of Global Net Lease Inc (NYSE:GNL) by 56.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,958 shares of the financial services provider’s stock after acquiring an additional 72,024 shares during the period. Legal & General Group Plc owned 0.30% of Global Net Lease worth $4,355,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GNL. Bank of Montreal Can acquired a new stake in Global Net Lease during the 2nd quarter worth about $196,000. Russell Investments Group Ltd. grew its stake in shares of Global Net Lease by 68.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 95,848 shares of the financial services provider’s stock valued at $2,131,000 after buying an additional 39,095 shares during the period. Sei Investments Co. grew its stake in shares of Global Net Lease by 51.9% in the 2nd quarter. Sei Investments Co. now owns 14,990 shares of the financial services provider’s stock valued at $333,000 after buying an additional 5,119 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Global Net Lease by 67.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 434,009 shares of the financial services provider’s stock valued at $9,653,000 after buying an additional 174,670 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Global Net Lease by 5.1% in the 2nd quarter. Rhumbline Advisers now owns 91,902 shares of the financial services provider’s stock valued at $2,044,000 after buying an additional 4,425 shares during the period. Hedge funds and other institutional investors own 44.28% of the company’s stock.

Global Net Lease Inc (NYSE:GNL) opened at $20.43 on Thursday. Global Net Lease Inc has a 1 year low of $20.41 and a 1 year high of $25.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $1,391.49, a P/E ratio of 9.66 and a beta of 0.68.

The company also recently announced a monthly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 8th were given a dividend of $0.1775 per share. The ex-dividend date was Thursday, December 7th. This represents a $2.13 annualized dividend and a dividend yield of 10.43%. This is a boost from Global Net Lease’s previous monthly dividend of $0.18. Global Net Lease’s dividend payout ratio (DPR) is currently 434.68%.

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

In other news, CEO James Larry Nelson bought 2,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were purchased at an average price of $21.48 per share, with a total value of $42,960.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.19% of the stock is owned by company insiders.

TRADEMARK VIOLATION WARNING: This piece of content was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/21/global-net-lease-inc-gnl-holdings-increased-by-legal-general-group-plc.html.

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.

Want to see what other hedge funds are holding GNL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Net Lease Inc (NYSE:GNL).

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

Receive News & Stock Ratings for Global Net Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Net Lease and related stocks with our FREE daily email newsletter.