Nisa Investment Advisors LLC Has $1.67 Million Position in Global Net Lease Inc (NYSE:GNL)

Nisa Investment Advisors LLC lowered its position in Global Net Lease Inc (NYSE:GNL) by 6.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,913 shares of the financial services provider’s stock after selling 5,762 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.10% of Global Net Lease worth $1,666,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GNL. Versant Capital Management Inc lifted its stake in Global Net Lease by 274.7% in the first quarter. Versant Capital Management Inc now owns 1,641 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 1,203 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Global Net Lease by 1,160.0% in the first quarter. Quadrant Capital Group LLC now owns 2,772 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 2,552 shares during the last quarter. Belpointe Asset Management LLC lifted its stake in Global Net Lease by 11.5% in the first quarter. Belpointe Asset Management LLC now owns 6,868 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 711 shares during the last quarter. AJO LP acquired a new stake in Global Net Lease in the first quarter valued at $216,000. Finally, SG Americas Securities LLC lifted its stake in Global Net Lease by 30.9% in the first quarter. SG Americas Securities LLC now owns 11,885 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 2,803 shares during the last quarter. Hedge funds and other institutional investors own 63.35% of the company’s stock.

Shares of NYSE GNL traded down $0.25 during mid-day trading on Friday, reaching $19.57. 459,973 shares of the company were exchanged, compared to its average volume of 512,622. The firm’s 50-day moving average is $19.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $1.64 billion, a PE ratio of 9.34 and a beta of 0.71. Global Net Lease Inc has a twelve month low of $16.95 and a twelve month high of $22.53.

Global Net Lease (NYSE:GNL) last posted its earnings results on Thursday, May 9th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.43). The company had revenue of $75.47 million for the quarter, compared to analyst estimates of $75.92 million. Global Net Lease had a return on equity of 1.00% and a net margin of 4.96%. As a group, analysts expect that Global Net Lease Inc will post 1.92 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which was paid on Monday, July 15th. Stockholders of record on Thursday, July 11th were paid a dividend of $0.533 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 32.68%. The ex-dividend date of this dividend was Wednesday, July 10th. This is a boost from Global Net Lease’s previous monthly dividend of $0.06. Global Net Lease’s dividend payout ratio (DPR) is currently 298.60%.

Separately, Zacks Investment Research upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Tuesday, July 16th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $24.00.

Global Net Lease Company 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.

Further Reading: Average Daily Trade Volume Explained

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

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