Jane Street Group LLC reduced its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 23.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,323 shares of the financial services provider’s stock after selling 2,500 shares during the period. Jane Street Group LLC’s holdings in Global Net Lease were worth $200,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Global Net Lease during the first quarter valued at $101,000. First Republic Investment Management Inc. bought a new stake in Global Net Lease during the fourth quarter valued at $105,000. Acadian Asset Management LLC bought a new stake in Global Net Lease during the first quarter valued at $157,000. ProShare Advisors LLC increased its stake in Global Net Lease by 99.9% in the first quarter. ProShare Advisors LLC now owns 54,775 shares of the financial services provider’s stock valued at $186,000 after buying an additional 27,367 shares during the period. Finally, AE Wealth Management LLC bought a new stake in Global Net Lease during the first quarter valued at $217,000. Hedge funds and other institutional investors own 41.05% of the company’s stock.
Global Net Lease, Inc. (NYSE GNL) traded down 0.29% during midday trading on Friday, hitting $21.46. 149,386 shares of the stock traded hands. The company’s 50-day moving average is $22.17 and its 200-day moving average is $23.13. Global Net Lease, Inc. has a one year low of $20.76 and a one year high of $25.95. The company has a market cap of $1.42 billion, a PE ratio of 26.86 and a beta of 0.69.
The company also recently announced a monthly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, July 7th were paid a $0.1775 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $2.13 annualized dividend and a dividend yield of 9.93%. Global Net Lease’s dividend payout ratio (DPR) is presently 266.23%.
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Several research firms recently weighed in on GNL. Zacks Investment Research upgraded shares of Global Net Lease from a “strong sell” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, FBR & Co reissued a “hold” rating on shares of Global Net Lease in a research report on Thursday, April 13th.
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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