Nomura Asset Management Co. Ltd. raised its position in Global Net Lease Inc (NYSE:GNL) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,100 shares of the financial services provider’s stock after purchasing an additional 3,000 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Global Net Lease were worth $919,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GNL. Royal Bank of Canada boosted its position in shares of Global Net Lease by 121.9% during the 1st quarter. Royal Bank of Canada now owns 16,802 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 9,231 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Global Net Lease during the 1st quarter valued at about $8,712,000. Amalgamated Bank acquired a new position in shares of Global Net Lease during the 2nd quarter valued at about $202,000. Capital Wealth Management LLC boosted its position in shares of Global Net Lease by 29.0% during the 2nd quarter. Capital Wealth Management LLC now owns 120,087 shares of the financial services provider’s stock valued at $2,453,000 after acquiring an additional 27,013 shares during the last quarter. Finally, Aperio Group LLC boosted its position in shares of Global Net Lease by 14.3% during the 2nd quarter. Aperio Group LLC now owns 50,541 shares of the financial services provider’s stock valued at $1,033,000 after acquiring an additional 6,308 shares during the last quarter. 59.33% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on GNL shares. ValuEngine raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. LADENBURG THALM/SH SH started coverage on shares of Global Net Lease in a research report on Monday, October 29th. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of Global Net Lease from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Finally, B. Riley boosted their price target on shares of Global Net Lease from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, November 12th.
Global Net Lease (NYSE:GNL) last announced its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $71.92 million for the quarter, compared to analysts’ expectations of $71.22 million. Global Net Lease had a net margin of 8.51% and a return on equity of 1.70%. As a group, analysts forecast that Global Net Lease Inc will post 2.14 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which was paid on Thursday, November 15th. Investors of record on Tuesday, November 13th were issued a $0.1775 dividend. The ex-dividend date was Friday, November 9th. This represents a $2.13 annualized dividend and a yield of 9.78%. Global Net Lease’s dividend payout ratio (DPR) is currently 105.97%.
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Global Net Lease Profile
Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.
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