Global Net Lease Inc (GNL) Holdings Trimmed by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. cut its holdings in shares of Global Net Lease Inc (NYSE:GNL) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 146,037 shares of the financial services provider’s stock after selling 9,646 shares during the period. First Allied Advisory Services Inc. owned approximately 0.22% of Global Net Lease worth $3,204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Global Net Lease by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 10,331,374 shares of the financial services provider’s stock valued at $229,770,000 after purchasing an additional 341,621 shares during the period. BlackRock Inc. raised 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 raised 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 raised 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. Finally, Dimensional Fund Advisors LP raised 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. Hedge funds and other institutional investors own 44.44% of the company’s stock.

Global Net Lease Inc (GNL) traded down $0.03 during trading hours on Friday, hitting $21.17. The company had a trading volume of 538,136 shares, compared to its average volume of 237,372. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $1,426.48, a P/E ratio of 9.91 and a beta of 0.68. Global Net Lease Inc has a twelve month low of $20.71 and a twelve month high of $25.25.

The business also recently announced a monthly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th were given a $0.1775 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date was Tuesday, November 7th. Global Net Lease’s dividend payout ratio is currently 434.68%.

Several analysts have issued reports on GNL shares. FBR & Co reissued a “hold” rating on shares of Global Net Lease in a research note on Tuesday, October 10th. 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. Zacks Investment Research downgraded Global Net Lease from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, BidaskClub raised Global Net Lease from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 22nd.

In related news, CEO James Larry Nelson bought 2,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average price of $21.48 per share, with a total value of $42,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is currently owned by insiders.

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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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