State Board of Administration of Florida Retirement System Has $290,000 Stock Position in Global Net Lease, Inc. (NYSE:GNL)

State Board of Administration of Florida Retirement System lifted its position in Global Net Lease, Inc. (NYSE:GNL – Get Rating) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,093 shares of the financial services provider’s stock after buying an additional 1,120 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Global Net Lease were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of Global Net Lease by 41,628.6% in the fourth quarter. Parallel Advisors LLC now owns 2,921 shares of the financial services provider’s stock worth $37,000 after buying an additional 2,914 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Global Net Lease during the 3rd quarter valued at $39,000. Raleigh Capital Management Inc. raised its stake in Global Net Lease by 100.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 5,340 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 2,670 shares during the last quarter. Fiduciary Alliance LLC acquired a new position in Global Net Lease during the 4th quarter valued at $68,000. Finally, Tower Research Capital LLC TRC raised its stake in Global Net Lease by 82.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,483 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 3,378 shares during the last quarter. 70.40% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Stock Up 0.9 %

Shares of NYSE:GNL opened at $10.35 on Monday. Global Net Lease, Inc. has a 12 month low of $9.80 and a 12 month high of $15.30. The company’s 50-day moving average price is $11.69 and its two-hundred day moving average price is $12.96. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.54. The firm has a market cap of $1.07 billion, a P/E ratio of -51.75, a P/E/G ratio of 1.16 and a beta of 1.28.

Global Net Lease Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Thursday, April 13th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, April 12th. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.60 dividend on an annualized basis and a yield of 15.46%. Global Net Lease’s dividend payout ratio is presently -799.96%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com assumed coverage on shares of Global Net Lease in a research note on Thursday. They set a “hold” rating for the company. BNP Paribas assumed coverage on shares of Global Net Lease in a research note on Thursday, March 16th. They set an “underperform” rating and a $13.00 target price for the company. Finally, B. Riley cut their target price on shares of Global Net Lease from $17.00 to $15.00 in a research note on Monday, May 15th.

Global Net Lease Profile

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Global Net Lease, Inc engages in real estate investment service. It focuses 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.