Centaurus Financial Inc. Buys New Position in Global Net Lease Inc (GNL)

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Centaurus Financial Inc. bought a new stake in Global Net Lease Inc (NYSE:GNL) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 34,902 shares of the financial services provider’s stock, valued at approximately $713,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers raised its holdings in Global Net Lease by 113.2% during the first quarter. Rhumbline Advisers now owns 170,145 shares of the financial services provider’s stock worth $2,872,000 after acquiring an additional 90,323 shares in the last quarter. Comerica Bank bought a new stake in Global Net Lease during the first quarter worth about $1,249,000. Prudential Financial Inc. bought a new stake in Global Net Lease during the first quarter worth about $3,048,000. Robeco Institutional Asset Management B.V. acquired a new position in Global Net Lease during the first quarter worth approximately $1,420,000. Finally, Aperio Group LLC acquired a new position in Global Net Lease during the first quarter worth approximately $747,000. Hedge funds and other institutional investors own 56.13% of the company’s stock.

A number of brokerages have weighed in on GNL. Zacks Investment Research raised Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. B. Riley set a $24.00 price target on Global Net Lease and gave the stock a “hold” rating in a research report on Friday, August 10th. Finally, ValuEngine raised Global Net Lease from a “sell” rating to a “hold” rating in a research report on Wednesday, July 4th.

Shares of NYSE GNL opened at $21.13 on Friday. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 9.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.08 and a current ratio of 0.08. Global Net Lease Inc has a twelve month low of $15.55 and a twelve month high of $22.53.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The business had revenue of $70.97 million for the quarter, compared to analyst estimates of $68.81 million. Global Net Lease had a return on equity of 1.69% and a net margin of 8.68%. analysts anticipate that Global Net Lease Inc will post 2.05 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Monday, September 17th. Shareholders of record on Thursday, September 13th will be given a dividend of $0.1775 per share. This represents a $2.13 dividend on an annualized basis and a yield of 10.08%. The ex-dividend date of this dividend is Wednesday, September 12th. Global Net Lease’s dividend payout ratio (DPR) is presently 105.97%.

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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