A number of other brokerages have also commented on GNL. BidaskClub upgraded shares of Global Net Lease from a sell rating to a hold rating in a report on Tuesday, June 13th. Zacks Investment Research lowered shares of Global Net Lease from a hold rating to a sell rating in a report on Monday, October 2nd.
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The business also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th will be paid a $0.1775 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 9.59%. Global Net Lease’s dividend payout ratio (DPR) is presently 349.16%.
Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of Global Net Lease by 166.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 275,497 shares of the financial services provider’s stock valued at $6,634,000 after purchasing an additional 172,266 shares in the last quarter. IndexIQ Advisors LLC raised its stake in shares of Global Net Lease by 12.0% in the 2nd quarter. IndexIQ Advisors LLC now owns 80,435 shares of the financial services provider’s stock valued at $1,789,000 after purchasing an additional 8,603 shares in the last quarter. Balyasny Asset Management LLC acquired a new stake in shares of Global Net Lease in the 2nd quarter valued at about $7,074,000. Menta Capital LLC acquired a new stake in shares of Global Net Lease in the 1st quarter valued at about $1,110,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Global Net Lease by 11.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 35,276 shares of the financial services provider’s stock valued at $784,000 after purchasing an additional 3,570 shares in the last quarter. Institutional investors and hedge funds own 42.50% of the company’s stock.
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.
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