Magnetar Financial LLC Has $206,000 Stake in Global Net Lease Inc (GNL)

Magnetar Financial LLC reduced its holdings in shares of Global Net Lease Inc (NYSE:GNL) by 60.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,431 shares of the financial services provider’s stock after selling 14,188 shares during the quarter. Magnetar Financial LLC’s holdings in Global Net Lease were worth $206,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Global Net Lease by 213.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 410,650 shares of the financial services provider’s stock valued at $9,888,000 after purchasing an additional 279,654 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Global Net Lease in the 2nd quarter valued at about $196,000. Russell Investments Group Ltd. lifted its holdings in shares of Global Net Lease by 68.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 95,848 shares of the financial services provider’s stock valued at $2,131,000 after purchasing an additional 39,095 shares during the last quarter. Daiwa Securities Group Inc. lifted 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 valued at $108,000 after purchasing an additional 300 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Global Net Lease by 51.9% in the 2nd quarter. Sei Investments Co. now owns 14,990 shares of the financial services provider’s stock valued at $333,000 after purchasing an additional 5,119 shares during the last quarter. 44.44% of the stock is owned by institutional investors and hedge funds.

Shares of Global Net Lease Inc (NYSE GNL) opened at $21.42 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $1,441.29, a P/E ratio of 10.01 and a beta of 0.68. Global Net Lease Inc has a one year low of $20.71 and a one year high of $25.25.

The business also recently disclosed a monthly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 8th were paid a dividend of $0.1775 per share. The ex-dividend date of this dividend was Thursday, December 7th. This is an increase from Global Net Lease’s previous monthly dividend of $0.18. This represents a $2.13 annualized dividend and a yield of 9.94%. Global Net Lease’s dividend payout ratio is currently 434.68%.

Several research firms have recently weighed in on GNL. FBR & Co reissued a “hold” rating on shares of Global Net Lease in a report on Tuesday, October 10th. Zacks Investment Research downgraded Global Net Lease from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. BidaskClub raised Global Net Lease from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd. Finally, B. Riley reaffirmed a “neutral” rating and set a $26.00 price objective on shares of Global Net Lease in a research note on Tuesday, November 7th.

In related news, CEO James Larry Nelson acquired 2,000 shares of Global Net Lease stock in a transaction on Monday, November 20th. The stock was purchased at an average cost of $21.48 per share, with a total value of $42,960.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by corporate insiders.

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Global Net Lease Company Profile

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)

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