Global Net Lease’s (GNL) Hold Rating Reaffirmed at FBR & Co

FBR & Co restated their hold rating on shares of Global Net Lease, Inc. (NYSE:GNL) in a research note published on Tuesday morning.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded Global Net Lease from a strong sell rating to a hold rating in a research report on Monday, July 10th. BidaskClub upgraded Global Net Lease from a sell rating to a hold rating in a research report on Thursday, July 6th.

Shares of Global Net Lease (NYSE GNL) opened at 22.04 on Tuesday. Global Net Lease has a 1-year low of $20.76 and a 1-year high of $25.25. The firm has a 50-day moving average price of $21.73 and a 200-day moving average price of $21.73. The company has a market cap of $1.48 billion, a P/E ratio of 37.04 and a beta of 0.69.

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The company 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 $0.1775 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $2.13 annualized dividend and a dividend yield of 9.66%. Global Net Lease’s dividend payout ratio (DPR) is presently 349.16%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GNL. BlackRock Inc. lifted its position in shares of Global Net Lease by 11,116.3% in the first quarter. BlackRock Inc. now owns 5,084,332 shares of the financial services provider’s stock valued at $122,429,000 after acquiring an additional 5,039,002 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Global Net Lease by 3.4% in the second quarter. Vanguard Group Inc. now owns 10,331,374 shares of the financial services provider’s stock valued at $229,770,000 after acquiring an additional 341,621 shares in the last quarter. Balyasny Asset Management LLC purchased a new position in shares of Global Net Lease in the second quarter valued at approximately $7,074,000. Dimensional Fund Advisors LP lifted its position in shares of Global Net Lease by 213.5% in the first quarter. Dimensional Fund Advisors LP now owns 410,650 shares of the financial services provider’s stock valued at $9,888,000 after acquiring an additional 279,654 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Global Net Lease by 806.4% in the second quarter. Citadel Advisors LLC now owns 232,432 shares of the financial services provider’s stock valued at $5,169,000 after acquiring an additional 206,788 shares in the last quarter. Institutional investors and hedge funds own 42.50% of the company’s stock.

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.

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