Alliancebernstein L.P. Acquires 2,560 Shares of Global Net Lease, Inc. (NYSE:GNL)

Alliancebernstein L.P. grew its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 1.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 159,528 shares of the financial services provider’s stock after purchasing an additional 2,560 shares during the period. Alliancebernstein L.P.’s holdings in Global Net Lease were worth $2,881,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GNL. Envestnet Asset Management Inc. raised its holdings in shares of Global Net Lease by 1.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 49,108 shares of the financial services provider’s stock valued at $887,000 after purchasing an additional 631 shares during the period. US Bancorp DE raised its holdings in shares of Global Net Lease by 76.1% in the 4th quarter. US Bancorp DE now owns 1,560 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 674 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Global Net Lease by 1.9% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 36,862 shares of the financial services provider’s stock valued at $666,000 after purchasing an additional 700 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Global Net Lease by 5.4% in the 4th quarter. Victory Capital Management Inc. now owns 14,991 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 766 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in shares of Global Net Lease by 0.9% in the 1st quarter. State of Alaska Department of Revenue now owns 96,092 shares of the financial services provider’s stock valued at $1,734,000 after purchasing an additional 876 shares during the period. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on GNL. B. Riley reaffirmed a “buy” rating and issued a $23.00 target price (up from $21.00) on shares of Global Net Lease in a report on Monday, March 1st. Zacks Investment Research lowered shares of Global Net Lease from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 19th.

Shares of GNL opened at $19.86 on Friday. Global Net Lease, Inc. has a 52 week low of $13.95 and a 52 week high of $20.06. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of -124.12 and a beta of 1.21. The firm has a 50-day moving average of $19.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.14 and a current ratio of 0.14.

Global Net Lease (NYSE:GNL) last announced its earnings results on Thursday, May 6th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.48). Global Net Lease had a return on equity of 0.34% and a net margin of 1.58%. Analysts anticipate that Global Net Lease, Inc. will post 1.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Monday, April 12th were given a dividend of $0.40 per share. The ex-dividend date was Friday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.06%. Global Net Lease’s payout ratio is presently 89.39%.

About Global Net Lease

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

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

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