Mutual of America Capital Management LLC Purchases 773 Shares of Global Net Lease, Inc. (NYSE:GNL)

Mutual of America Capital Management LLC increased its position in shares of Global Net Lease, Inc. (NYSE:GNLGet Rating) by 5.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,928 shares of the financial services provider’s stock after buying an additional 773 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Global Net Lease were worth $235,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Public Sector Pension Investment Board grew its holdings in shares of Global Net Lease by 4.1% during the fourth quarter. Public Sector Pension Investment Board now owns 211,021 shares of the financial services provider’s stock worth $3,224,000 after buying an additional 8,370 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Global Net Lease by 9.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 29,743 shares of the financial services provider’s stock worth $454,000 after buying an additional 2,655 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Global Net Lease by 27.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 13,219 shares of the financial services provider’s stock worth $202,000 after buying an additional 2,859 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Global Net Lease by 0.8% during the fourth quarter. Northern Trust Corp now owns 1,511,509 shares of the financial services provider’s stock worth $23,096,000 after buying an additional 11,608 shares in the last quarter. Finally, abrdn plc grew its holdings in shares of Global Net Lease by 8.9% during the fourth quarter. abrdn plc now owns 21,699 shares of the financial services provider’s stock worth $332,000 after buying an additional 1,768 shares in the last quarter. 71.73% of the stock is currently owned by institutional investors.

Global Net Lease Stock Up 0.9 %

GNL stock opened at $15.23 on Tuesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average price of $14.31 and a two-hundred day moving average price of $14.45. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -101.53, a P/E/G ratio of 1.49 and a beta of 1.05. Global Net Lease, Inc. has a twelve month low of $12.79 and a twelve month high of $18.69.

Global Net Lease (NYSE:GNLGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). Global Net Lease had a net margin of 4.44% and a return on equity of 1.08%. During the same period in the prior year, the company earned $0.44 earnings per share. Analysts anticipate that Global Net Lease, Inc. will post 1.69 EPS for the current fiscal year.

Global Net Lease Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Monday, July 11th were paid a dividend of $0.40 per share. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.60 annualized dividend and a dividend yield of 10.51%. The ex-dividend date was Friday, July 8th. Global Net Lease’s payout ratio is currently -1,066.60%.

Analysts Set New Price Targets

GNL has been the subject of a number of analyst reports. B. Riley decreased their price target on Global Net Lease from $24.00 to $20.00 in a research note on Monday, May 9th. JMP Securities initiated coverage on Global Net Lease in a research note on Tuesday, May 10th. They issued a “market perform” rating for the company.

About Global Net Lease

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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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