The Manufacturers Life Insurance Company increased its position in Global Net Lease, Inc. (NYSE:GNL) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,162 shares of the financial services provider’s stock after purchasing an additional 1,162 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Global Net Lease worth $1,182,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its holdings in shares of Global Net Lease by 166.9% during the first quarter. Goldman Sachs Group Inc. now owns 275,497 shares of the financial services provider’s stock valued at $6,634,000 after acquiring an additional 172,266 shares during the period. Balyasny Asset Management LLC bought a new position in shares of Global Net Lease during the second quarter valued at $7,074,000. IndexIQ Advisors LLC lifted its holdings in shares of Global Net Lease by 12.0% during the second quarter. IndexIQ Advisors LLC now owns 80,435 shares of the financial services provider’s stock valued at $1,789,000 after acquiring an additional 8,603 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Global Net Lease by 11.3% during the second quarter. State of Alaska Department of Revenue now owns 35,276 shares of the financial services provider’s stock valued at $784,000 after acquiring an additional 3,570 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Global Net Lease by 41.0% in the second quarter. BNP Paribas Arbitrage SA now owns 30,811 shares of the financial services provider’s stock valued at $685,000 after buying an additional 8,953 shares during the last quarter. 42.62% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts recently issued reports on GNL shares. BidaskClub cut Global Net Lease from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research cut Global Net Lease from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. FBR & Co reaffirmed a “hold” rating on shares of Global Net Lease in a report on Tuesday, October 10th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $26.00 price target on shares of Global Net Lease in a report on Tuesday, November 7th.

Shares of Global Net Lease, Inc. (GNL) opened at $21.43 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.07 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1,441.96, a PE ratio of 10.01 and a beta of 0.68. Global Net Lease, Inc. has a 12-month low of $20.71 and a 12-month high of $25.25.

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 given a dividend of $0.1775 per share. The ex-dividend date is Tuesday, November 7th. This represents a $2.13 annualized dividend and a dividend yield of 9.94%. Global Net Lease’s payout ratio is currently 434.68%.

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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