Global Net Lease, Inc. (NYSE:GNL) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in Global Net Lease, Inc. (NYSE:GNL) by 14.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,536 shares of the financial services provider’s stock after selling 12,448 shares during the quarter. New York State Common Retirement Fund’s holdings in Global Net Lease were worth $1,194,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Global Net Lease by 9.5% in the 2nd quarter. BlackRock Inc. now owns 17,883,309 shares of the financial services provider’s stock valued at $330,841,000 after purchasing an additional 1,558,373 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Global Net Lease by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 15,077,091 shares of the financial services provider’s stock valued at $278,926,000 after purchasing an additional 762,490 shares during the last quarter. State Street Corp boosted its holdings in Global Net Lease by 2.9% in the 2nd quarter. State Street Corp now owns 4,856,988 shares of the financial services provider’s stock valued at $89,854,000 after purchasing an additional 136,918 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Global Net Lease by 11.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,947,375 shares of the financial services provider’s stock worth $36,026,000 after acquiring an additional 206,817 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Global Net Lease by 75.2% in the 2nd quarter. Invesco Ltd. now owns 1,911,443 shares of the financial services provider’s stock worth $35,361,000 after acquiring an additional 820,163 shares during the last quarter. Institutional investors own 69.16% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Tuesday, October 19th.

Shares of GNL stock opened at $15.08 on Friday. The firm’s 50 day moving average price is $15.13 and its 200-day moving average price is $16.52. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.09 and a current ratio of 0.09. Global Net Lease, Inc. has a one year low of $13.78 and a one year high of $20.11. The firm has a market cap of $1.56 billion, a P/E ratio of -53.86, a P/E/G ratio of 1.40 and a beta of 1.15.

Global Net Lease (NYSE:GNL) last announced its earnings results on Thursday, November 4th. The financial services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.39). Global Net Lease had a return on equity of 0.35% and a net margin of 1.52%. During the same quarter in the previous year, the company earned $0.46 EPS. As a group, research analysts predict that Global Net Lease, Inc. will post 1.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Thursday, January 13th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 10.61%. The ex-dividend date is Wednesday, January 12th. Global Net Lease’s payout ratio is currently -571.41%.

Global Net Lease Profile

Global Net Lease, Inc engages in the as a real estate investment services. It is 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 U.S., Western, and Northern Europe.

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

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