National Asset Management Inc. Buys 19,099 Shares of Global Net Lease, Inc. (GNL)

National Asset Management Inc. raised its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 275,520 shares of the financial services provider’s stock after purchasing an additional 19,099 shares during the quarter. Global Net Lease accounts for 1.1% of National Asset Management Inc.’s portfolio, making the stock its 13th largest holding. National Asset Management Inc. owned approximately 0.41% of Global Net Lease worth $6,128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Global Net Lease in the 1st quarter worth approximately $101,000. Daiwa Securities Group Inc. boosted its holdings in shares of Global Net Lease by 6.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,866 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Global Net Lease by 50.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,368 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 1,793 shares in the last quarter. GAM Holding AG boosted its holdings in shares of Global Net Lease by 48.6% in the 2nd quarter. GAM Holding AG now owns 5,500 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Pacad Investment Ltd. boosted its holdings in shares of Global Net Lease by 89.1% in the 2nd quarter. Pacad Investment Ltd. now owns 8,701 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 4,100 shares in the last quarter. 42.50% of the stock is currently owned by institutional investors.

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 research report on Monday, July 10th. BidaskClub upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, FBR & Co restated a “hold” rating on shares of Global Net Lease in a research report on Tuesday.

Shares of Global Net Lease, Inc. (NYSE:GNL) traded up 0.54% during mid-day trading on Thursday, hitting $22.27. 168,087 shares of the company’s stock traded hands. Global Net Lease, Inc. has a 52 week low of $20.71 and a 52 week high of $25.25. The firm has a 50-day moving average of $21.75 and a 200 day moving average of $21.75. The company has a market cap of $1.50 billion, a PE ratio of 37.43 and a beta of 0.69.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th will be paid a dividend of $0.1775 per share. This represents a $2.13 annualized dividend and a dividend yield of 9.62%. The ex-dividend date is Tuesday, November 7th. Global Net Lease’s payout ratio is currently 349.16%.

WARNING: “National Asset Management Inc. Buys 19,099 Shares of Global Net Lease, Inc. (GNL)” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://sportsperspectives.com/2017/10/12/national-asset-management-inc-buys-19099-shares-of-global-net-lease-inc-gnl.html.

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.

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

Receive News & Ratings for Global Net Lease Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Net Lease Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply