Global Net Lease Inc (NYSE:GNL) Stock Position Reduced by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its stake in Global Net Lease Inc (NYSE:GNL) by 20.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,508 shares of the financial services provider’s stock after selling 1,421 shares during the quarter. Russell Investments Group Ltd.’s holdings in Global Net Lease were worth $107,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC purchased a new stake in Global Net Lease in the 2nd quarter worth approximately $36,000. Lucia Wealth Services LLC acquired a new stake in shares of Global Net Lease during the 3rd quarter valued at $38,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Global Net Lease during the 2nd quarter valued at $41,000. Venturi Wealth Management LLC purchased a new position in shares of Global Net Lease during the 3rd quarter valued at $48,000. Finally, Coastal Investment Advisors Inc. grew its holdings in shares of Global Net Lease by 23.8% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 3,380 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Shares of NYSE GNL opened at $20.31 on Friday. The business has a 50 day simple moving average of $19.69 and a 200 day simple moving average of $19.45. Global Net Lease Inc has a 52 week low of $16.95 and a 52 week high of $20.62. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 9.49 and a beta of 0.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.22 and a current ratio of 0.22.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Friday, November 8th. The financial services provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.40). The business had revenue of $77.94 million for the quarter, compared to the consensus estimate of $78.18 million. Global Net Lease had a net margin of 9.73% and a return on equity of 1.91%. On average, analysts predict that Global Net Lease Inc will post 1.77 EPS for the current year.

Several analysts recently issued reports on the company. Aegis assumed coverage on Global Net Lease in a report on Thursday, October 31st. They set a “buy” rating and a $21.50 price objective for the company. ValuEngine cut Global Net Lease from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research downgraded Global Net Lease from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 14th. Finally, DA Davidson initiated coverage on Global Net Lease in a research report on Thursday, September 26th. They issued a “neutral” rating and a $22.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $22.50.

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.

See Also: Initial Coin Offering (ICO)

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

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