AE Wealth Management LLC Has $2.29 Million Stock Holdings in Global Net Lease Inc (NYSE:GNL)

AE Wealth Management LLC trimmed its stake in Global Net Lease Inc (NYSE:GNL) by 1.9% in the third quarter, HoldingsChannel reports. The firm owned 117,604 shares of the financial services provider’s stock after selling 2,288 shares during the period. AE Wealth Management LLC’s holdings in Global Net Lease were worth $2,293,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Mason Street Advisors LLC lifted its position in shares of Global Net Lease by 2.5% during the third quarter. Mason Street Advisors LLC now owns 28,688 shares of the financial services provider’s stock valued at $559,000 after purchasing an additional 702 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in Global Net Lease in the third quarter worth about $415,000. SG Americas Securities LLC raised its position in Global Net Lease by 74.2% in the third quarter. SG Americas Securities LLC now owns 15,196 shares of the financial services provider’s stock worth $296,000 after acquiring an additional 6,472 shares during the period. First Trust Advisors LP raised its position in Global Net Lease by 34.1% in the third quarter. First Trust Advisors LP now owns 84,931 shares of the financial services provider’s stock worth $1,656,000 after acquiring an additional 21,584 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in Global Net Lease by 13.2% in the third quarter. Daiwa Securities Group Inc. now owns 15,466 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 1,800 shares during the period. Institutional investors and hedge funds own 65.23% of the company’s stock.

Several analysts have commented on the stock. DA Davidson assumed coverage on shares of Global Net Lease in a research report on Thursday, September 26th. They issued a “neutral” rating and a $22.00 price objective on the stock. B. Riley set a $24.00 price objective on shares of Global Net Lease and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Zacks Investment Research lowered shares of Global Net Lease from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Finally, Aegis assumed coverage on shares of Global Net Lease in a research report on Thursday, October 31st. They issued a “buy” rating and a $21.50 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Global Net Lease presently has an average rating of “Hold” and a consensus target price of $22.88.

Shares of GNL stock opened at $19.46 on Thursday. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 9.09 and a beta of 0.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.14 and a current ratio of 0.22. Global Net Lease Inc has a 52 week low of $16.95 and a 52 week high of $21.93. The firm’s 50-day simple moving average is $19.36 and its two-hundred day simple moving average is $19.35.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings data on Friday, November 8th. The financial services provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.40). The company had revenue of $77.94 million during the quarter, compared to the consensus estimate of $78.18 million. Global Net Lease had a return on equity of 1.91% and a net margin of 9.73%. Analysts forecast that Global Net Lease Inc will post 1.87 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, October 11th were paid a $0.533 dividend. The ex-dividend date was Thursday, October 10th. This represents a $2.13 annualized dividend and a dividend yield of 10.96%. Global Net Lease’s payout ratio is 99.53%.

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

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