Nationwide Fund Advisors cut its stake in Global Net Lease, Inc. (NYSE:GNL) by 62.4% during the first quarter, Holdings Channel reports. The firm owned 39,869 shares of the financial services provider’s stock after selling 66,029 shares during the period. Nationwide Fund Advisors’ holdings in Global Net Lease were worth $960,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GNL. First Republic Investment Management Inc. purchased a new stake in Global Net Lease during the fourth quarter valued at about $105,000. Russell Investments Group Ltd. purchased a new stake in Global Net Lease during the fourth quarter valued at about $279,000. Guggenheim Capital LLC raised its stake in Global Net Lease by 12.9% in the fourth quarter. Guggenheim Capital LLC now owns 41,773 shares of the financial services provider’s stock valued at $327,000 after buying an additional 4,776 shares during the period. Wsfs Capital Management LLC purchased a new stake in Global Net Lease during the fourth quarter valued at about $431,000. Finally, Girard Securities Inc. raised its stake in Global Net Lease by 6.9% in the fourth quarter. Girard Securities Inc. now owns 84,500 shares of the financial services provider’s stock valued at $662,000 after buying an additional 5,477 shares during the period. Hedge funds and other institutional investors own 40.93% of the company’s stock.

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

Shares of Global Net Lease, Inc. (NYSE:GNL) opened at 22.76 on Thursday. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 28.49 and a beta of 0.69. Global Net Lease, Inc. has a 12-month low of $20.76 and a 12-month high of $26.46. The stock has a 50 day moving average of $22.67 and a 200 day moving average of $16.19.

The business also recently announced a monthly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 8th will be given a $0.1775 dividend. The ex-dividend date is Tuesday, June 6th. This represents a $2.13 dividend on an annualized basis and a yield of 9.36%. Global Net Lease’s payout ratio is currently 266.23%.

WARNING: This news story was published by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another site, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.dailypolitical.com/2017/06/15/nationwide-fund-advisors-sells-66029-shares-of-global-net-lease-inc-gnl.html.

Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research lowered shares of Global Net Lease from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Finally, FBR & Co restated a “hold” rating on shares of Global Net Lease in a report on Thursday, April 13th.

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.

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).

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