Guild Investment Management Inc. Buys 21,280 Shares of Global Net Lease Inc (NYSE:GNL)
Guild Investment Management Inc. lifted its stake in Global Net Lease Inc (NYSE:GNL) by 21.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 119,370 shares of the financial services provider’s stock after acquiring an additional 21,280 shares during the quarter. Global Net Lease makes up approximately 3.2% of Guild Investment Management Inc.’s investment portfolio, making the stock its 9th largest position. Guild Investment Management Inc.’s holdings in Global Net Lease were worth $2,328,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Lucia Wealth Services LLC bought a new position in Global Net Lease during the third quarter worth about $38,000. State of Alaska Department of Revenue grew its holdings in Global Net Lease by 17.5% during the third quarter. State of Alaska Department of Revenue now owns 72,089 shares of the financial services provider’s stock worth $1,405,000 after purchasing an additional 10,744 shares during the period. Macquarie Group Ltd. grew its holdings in Global Net Lease by 12.5% during the second quarter. Macquarie Group Ltd. now owns 32,400 shares of the financial services provider’s stock worth $636,000 after purchasing an additional 3,600 shares during the period. Atria Investments LLC bought a new position in Global Net Lease during the second quarter worth about $226,000. Finally, BlackRock Inc. grew its holdings in Global Net Lease by 2.1% during the second quarter. BlackRock Inc. now owns 13,360,720 shares of the financial services provider’s stock worth $262,137,000 after purchasing an additional 280,266 shares during the period. 65.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:GNL traded up $0.01 during trading on Wednesday, reaching $19.17. 3,126 shares of the stock were exchanged, compared to its average volume of 788,496. Global Net Lease Inc has a 12 month low of $16.95 and a 12 month high of $21.93. The firm has a market cap of $1.60 billion, a PE ratio of 8.94 and a beta of 0.71. The stock has a 50-day moving average price of $19.40 and a 200-day moving average price of $19.27. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.35.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, October 11th were paid a $0.533 dividend. This represents a $2.13 annualized dividend and a dividend yield of 11.12%. The ex-dividend date was Thursday, October 10th. Global Net Lease’s dividend payout ratio (DPR) is currently 99.53%.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut Global Net Lease from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. B. Riley set a $24.00 price objective on Global Net Lease and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, DA Davidson assumed coverage on Global Net Lease in a report on Thursday, September 26th. They set a “neutral” rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.33.
About Global Net Lease
Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.
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