Infrastructure Capital Advisors LLC raised its position in Global Net Lease, Inc. (NYSE:GNL – Free Report) by 53.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,125 shares of the financial services provider’s stock after purchasing an additional 27,410 shares during the period. Infrastructure Capital Advisors LLC owned 0.08% of Global Net Lease worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of GNL. Raymond James & Associates increased its position in shares of Global Net Lease by 11.8% in the 1st quarter. Raymond James & Associates now owns 74,749 shares of the financial services provider’s stock valued at $1,176,000 after purchasing an additional 7,886 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Global Net Lease by 4.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,145,077 shares of the financial services provider’s stock valued at $18,013,000 after purchasing an additional 48,896 shares during the last quarter. Bank of Montreal Can increased its position in shares of Global Net Lease by 5.3% in the 1st quarter. Bank of Montreal Can now owns 31,150 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 1,581 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Global Net Lease by 57.8% in the 1st quarter. MetLife Investment Management LLC now owns 54,350 shares of the financial services provider’s stock valued at $855,000 after buying an additional 19,899 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Global Net Lease by 1.6% during the 1st quarter. Rhumbline Advisers now owns 317,198 shares of the financial services provider’s stock worth $4,990,000 after acquiring an additional 5,102 shares in the last quarter. 75.56% of the stock is owned by hedge funds and other institutional investors.
Global Net Lease Stock Performance
Shares of GNL opened at $11.27 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.18 billion, a PE ratio of -25.61, a price-to-earnings-growth ratio of 1.27 and a beta of 1.27. The company’s 50 day simple moving average is $10.89 and its 200-day simple moving average is $11.31. Global Net Lease, Inc. has a 12-month low of $8.84 and a 12-month high of $15.28.
Global Net Lease Dividend Announcement
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on GNL shares. StockNews.com started coverage on shares of Global Net Lease in a research note on Thursday, August 17th. They issued a “hold” rating for the company. B. Riley decreased their target price on Global Net Lease from $17.00 to $15.00 in a research report on Monday, May 15th.
Check Out Our Latest Stock Analysis on GNL
Global Net Lease Company Profile
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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