Alliancebernstein L.P. Buys 2,560 Shares of Global Net Lease, Inc. (NYSE:GNL)

Alliancebernstein L.P. raised its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,528 shares of the financial services provider’s stock after buying an additional 2,560 shares during the period. Alliancebernstein L.P. owned 0.18% of Global Net Lease worth $2,881,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Duality Advisers LP grew its position in shares of Global Net Lease by 62.9% in the fourth quarter. Duality Advisers LP now owns 37,081 shares of the financial services provider’s stock valued at $636,000 after purchasing an additional 14,321 shares during the last quarter. LSV Asset Management grew its position in shares of Global Net Lease by 12.7% in the first quarter. LSV Asset Management now owns 1,136,984 shares of the financial services provider’s stock valued at $20,533,000 after purchasing an additional 128,310 shares during the last quarter. Ameritas Investment Company LLC grew its position in shares of Global Net Lease by 27.9% in the fourth quarter. Ameritas Investment Company LLC now owns 20,004 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 4,368 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of Global Net Lease by 49.6% in the first quarter. Exchange Traded Concepts LLC now owns 160,520 shares of the financial services provider’s stock valued at $2,899,000 after purchasing an additional 53,241 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Global Net Lease by 9.0% during the fourth quarter. Rhumbline Advisers now owns 321,276 shares of the financial services provider’s stock worth $5,507,000 after buying an additional 26,473 shares in the last quarter. 66.82% of the stock is currently owned by institutional investors.

NYSE:GNL opened at $19.86 on Friday. Global Net Lease, Inc. has a 1 year low of $13.95 and a 1 year high of $20.06. The firm has a 50 day moving average price of $19.11. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $1.89 billion, a PE ratio of -124.12 and a beta of 1.21.

Global Net Lease (NYSE:GNL) last posted its earnings results on Thursday, May 6th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.48). Global Net Lease had a net margin of 1.58% and a return on equity of 0.34%. On average, analysts anticipate that Global Net Lease, Inc. will post 1.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Investors of record on Monday, April 12th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 8.06%. The ex-dividend date of this dividend was Friday, April 9th. Global Net Lease’s dividend payout ratio (DPR) is presently 89.39%.

GNL has been the topic of a number of recent research reports. B. Riley reissued a “buy” rating and set a $23.00 target price (up from $21.00) on shares of Global Net Lease in a research report on Monday, March 1st. Zacks Investment Research downgraded Global Net Lease from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 19th.

About Global Net Lease

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

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