Bessemer Group Inc. purchased a new stake in Global Net Lease Inc (NYSE:GNL) during the fourth quarter, HoldingsChannel reports. The firm purchased 14,200 shares of the financial services provider’s stock, valued at approximately $292,000.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Global Net Lease by 4.1% in the 2nd quarter. BlackRock Inc. now owns 5,290,884 shares of the financial services provider’s stock valued at $117,670,000 after purchasing an additional 206,552 shares during the period. State Street Corp lifted its stake in shares of Global Net Lease by 10.8% in the 2nd quarter. State Street Corp now owns 1,532,357 shares of the financial services provider’s stock valued at $34,080,000 after purchasing an additional 149,708 shares during the period. Northern Trust Corp lifted its stake in shares of Global Net Lease by 9.7% in the 2nd quarter. Northern Trust Corp now owns 1,118,646 shares of the financial services provider’s stock valued at $24,879,000 after purchasing an additional 98,929 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Global Net Lease by 13.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 698,820 shares of the financial services provider’s stock valued at $15,297,000 after purchasing an additional 82,637 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Global Net Lease by 2.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 637,147 shares of the financial services provider’s stock valued at $13,947,000 after purchasing an additional 12,301 shares during the period. 44.55% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Global Net Lease from a “hold” rating to a “sell” rating in a research note on Wednesday. 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.

In related news, CEO James Larry Nelson purchased 2,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were bought at an average price of $21.48 per share, with a total value of $42,960.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Global Net Lease Inc (NYSE GNL) opened at $16.41 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $1,103.51, a price-to-earnings ratio of 33.49 and a beta of 0.45. Global Net Lease Inc has a 12 month low of $15.78 and a 12 month high of $25.25.

The business also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th will be paid a $0.1775 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 12.98%. The ex-dividend date of this dividend is Wednesday, February 7th. Global Net Lease’s dividend payout ratio (DPR) is currently 434.68%.

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About Global Net Lease

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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