Sigma Planning Corp decreased its holdings in Global Net Lease, Inc. (NYSE:GNL) by 27.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,622 shares of the financial services provider’s stock after selling 21,344 shares during the quarter. Sigma Planning Corp owned about 0.08% of Global Net Lease worth $1,239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GNL. BlackRock Inc. lifted its position in Global Net Lease by 11,116.3% during the 1st quarter. BlackRock Inc. now owns 5,084,332 shares of the financial services provider’s stock worth $122,429,000 after acquiring an additional 5,039,002 shares during the period. Vanguard Group Inc. lifted its position in Global Net Lease by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 10,331,374 shares of the financial services provider’s stock worth $229,770,000 after acquiring an additional 341,621 shares during the period. Balyasny Asset Management LLC acquired a new stake in Global Net Lease during the 2nd quarter worth about $7,074,000. Dimensional Fund Advisors LP lifted its position in Global Net Lease by 213.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 410,650 shares of the financial services provider’s stock worth $9,888,000 after acquiring an additional 279,654 shares during the period. Finally, Citadel Advisors LLC lifted its position in Global Net Lease by 806.4% during the 2nd quarter. Citadel Advisors LLC now owns 232,432 shares of the financial services provider’s stock worth $5,169,000 after acquiring an additional 206,788 shares during the period. 42.28% of the stock is owned by institutional investors.

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Shares of Global Net Lease, Inc. (NYSE:GNL) remained flat at $$21.58 during mid-day trading on Wednesday. 218,900 shares of the stock traded hands, compared to its average volume of 340,052. The firm has a market cap of $1,452.05, a price-to-earnings ratio of 10.08 and a beta of 0.68. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.30. Global Net Lease, Inc. has a 52 week low of $20.71 and a 52 week high of $25.25.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th will be issued a $0.1775 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $2.13 annualized dividend and a dividend yield of 9.87%. Global Net Lease’s dividend payout ratio (DPR) is presently 434.68%.

A number of analysts have commented on GNL shares. BidaskClub cut Global Net Lease from a “hold” rating to a “sell” rating in a research 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 reissued a “hold” rating on shares of Global Net Lease in a report on Tuesday, October 10th. Finally, B. Riley reissued a “neutral” rating and issued a $26.00 price objective on shares of Global Net Lease in a report on Tuesday, November 7th.

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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