Marshall Wace LLP Purchases Shares of 550,827 Global Net Lease, Inc. (NYSE:GNL)

Marshall Wace LLP acquired a new position in shares of Global Net Lease, Inc. (NYSE:GNL) during the 4th quarter, Holdings Channel.com reports. The fund acquired 550,827 shares of the financial services provider’s stock, valued at approximately $4,021,000.

Several other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Global Net Lease by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 612,228 shares of the financial services provider’s stock worth $5,155,000 after purchasing an additional 147,803 shares during the period. HB Wealth Management LLC bought a new position in shares of Global Net Lease during the 4th quarter worth about $81,000. PFG Investments LLC boosted its position in shares of Global Net Lease by 177.2% during the 4th quarter. PFG Investments LLC now owns 86,497 shares of the financial services provider’s stock valued at $631,000 after acquiring an additional 55,293 shares in the last quarter. Barclays PLC increased its stake in Global Net Lease by 312.3% in the third quarter. Barclays PLC now owns 339,701 shares of the financial services provider’s stock valued at $2,859,000 after acquiring an additional 257,310 shares during the period. Finally, US Bancorp DE raised its position in Global Net Lease by 363.2% in the fourth quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 4,761 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley initiated coverage on Global Net Lease in a report on Tuesday. They issued a “neutral” rating and a $8.00 target price for the company. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Insiders Place Their Bets

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total value of $1,590,000.00. Following the transaction, the insider now directly owns 1,629,073 shares in the company, valued at approximately $12,951,130.35. This trade represents a 10.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.37% of the company’s stock.

Global Net Lease Stock Down 0.5 %

NYSE GNL opened at $7.50 on Friday. The stock’s 50 day simple moving average is $7.65 and its 200 day simple moving average is $7.53. Global Net Lease, Inc. has a one year low of $6.51 and a one year high of $9.11. The firm has a market cap of $1.72 billion, a PE ratio of -7.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06.

Global Net Lease Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Friday, April 11th were paid a $0.19 dividend. The ex-dividend date was Friday, April 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.13%. Global Net Lease’s dividend payout ratio (DPR) is presently -100.00%.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm 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.