Arizona State Retirement System Acquires 719 Shares of Global Net Lease Inc (NYSE:GNL)

Arizona State Retirement System grew its stake in shares of Global Net Lease Inc (NYSE:GNL) by 0.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,055 shares of the financial services provider’s stock after acquiring an additional 719 shares during the period. Arizona State Retirement System owned about 0.16% of Global Net Lease worth $2,552,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in Global Net Lease by 144.8% in the fourth quarter. Bank of America Corp DE now owns 92,646 shares of the financial services provider’s stock worth $1,633,000 after purchasing an additional 54,801 shares in the last quarter. Millennium Management LLC bought a new stake in Global Net Lease in the fourth quarter worth $597,000. Dimensional Fund Advisors LP boosted its holdings in Global Net Lease by 12.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,058,090 shares of the financial services provider’s stock worth $18,644,000 after purchasing an additional 113,780 shares in the last quarter. Norges Bank bought a new stake in Global Net Lease in the fourth quarter worth $19,165,000. Finally, State of Alaska Department of Revenue boosted its holdings in Global Net Lease by 8.8% in the first quarter. State of Alaska Department of Revenue now owns 53,400 shares of the financial services provider’s stock worth $1,008,000 after purchasing an additional 4,305 shares in the last quarter. 63.93% of the stock is owned by hedge funds and other institutional investors.

GNL stock traded up $0.02 during mid-day trading on Friday, reaching $19.44. 245,148 shares of the stock traded hands, compared to its average volume of 666,468. Global Net Lease Inc has a 52 week low of $16.95 and a 52 week high of $21.93. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average of $19.41 and a two-hundred day moving average of $19.11. The firm has a market capitalization of $1.63 billion, a PE ratio of 9.08 and a beta of 0.71.

Global Net Lease (NYSE:GNL) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.33). The firm had revenue of $76.12 million during the quarter, compared to analyst estimates of $76.60 million. Global Net Lease had a return on equity of 1.48% and a net margin of 7.45%. On average, equities research analysts anticipate that Global Net Lease Inc will post 1.87 EPS for the current fiscal year.

GNL has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Global Net Lease from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. B. Riley set a $24.00 price objective on shares of Global Net Lease and gave the stock a “buy” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Global Net Lease presently has a consensus rating of “Hold” and a consensus target price of $24.00.

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

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