Pacad Investment Ltd. boosted its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 89.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,701 shares of the financial services provider’s stock after buying an additional 4,100 shares during the quarter. Pacad Investment Ltd.’s holdings in Global Net Lease were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Global Net Lease during the first quarter worth about $101,000. Daiwa Securities Group Inc. grew its position in Global Net Lease by 6.6% during the second quarter. Daiwa Securities Group Inc. now owns 4,866 shares of the financial services provider’s stock worth $108,000 after buying an additional 300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Global Net Lease by 50.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,368 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,793 shares during the period. GAM Holding AG grew its position in Global Net Lease by 48.6% during the second quarter. GAM Holding AG now owns 5,500 shares of the financial services provider’s stock worth $122,000 after buying an additional 1,800 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Global Net Lease during the first quarter worth about $157,000. Institutional investors own 42.60% of the company’s stock.

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Global Net Lease, Inc. (GNL) opened at 21.48 on Thursday. Global Net Lease, Inc. has a 12 month low of $20.76 and a 12 month high of $25.25. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 36.10 and a beta of 0.69. The firm’s 50-day moving average is $21.34 and its 200 day moving average is $23.71.

The business also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.1775 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.13 annualized dividend and a yield of 9.92%. Global Net Lease’s payout ratio is 349.16%.

Several brokerages have weighed in on GNL. BidaskClub upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. FBR & Co restated a “hold” rating on shares of Global Net Lease in a research report on Tuesday, May 23rd. Finally, Zacks Investment Research upgraded shares of Global Net Lease from a “strong sell” rating to a “hold” rating in a research report on Monday, July 10th.

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.

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

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