AE Wealth Management LLC Reduces Stock Position in Global Net Lease, Inc. (NYSE:GNL)

AE Wealth Management LLC cut its stake in Global Net Lease, Inc. (NYSE:GNL – Get Rating) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 201,145 shares of the financial services provider’s stock after selling 3,218 shares during the period. AE Wealth Management LLC owned approximately 0.19% of Global Net Lease worth $2,142,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its holdings in Global Net Lease by 200.2% in the second quarter. Lindbrook Capital LLC now owns 1,774 shares of the financial services provider’s stock valued at $25,000 after buying an additional 1,183 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Global Net Lease during the 2nd quarter worth approximately $100,000. KBC Group NV purchased a new position in shares of Global Net Lease during the 2nd quarter worth approximately $109,000. Apeiron RIA LLC purchased a new position in shares of Global Net Lease during the 2nd quarter worth approximately $110,000. Finally, Captrust Financial Advisors purchased a new position in shares of Global Net Lease during the 2nd quarter worth approximately $114,000. 70.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GNL. TheStreet raised shares of Global Net Lease from a “d+” rating to a “c-” rating in a research note on Thursday, November 10th. StockNews.com started coverage on shares of Global Net Lease in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, B. Riley decreased their target price on shares of Global Net Lease from $19.00 to $17.00 in a research report on Tuesday, November 8th.

Global Net Lease Stock Up 1.5 %

Shares of NYSE GNL opened at $13.11 on Monday. Global Net Lease, Inc. has a 1 year low of $9.82 and a 1 year high of $16.01. The firm’s 50 day moving average price is $13.03 and its 200 day moving average price is $13.22. The firm has a market cap of $1.36 billion, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 1.46 and a beta of 1.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.08 and a current ratio of 0.08.

Global Net Lease Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, January 13th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, January 12th. This represents a $1.60 dividend on an annualized basis and a yield of 12.20%. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06.

Global Net Lease Profile

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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.