Two Sigma Securities LLC Invests $738,000 in Global Net Lease Inc (GNL) Stock

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Two Sigma Securities LLC purchased a new stake in shares of Global Net Lease Inc (NYSE:GNL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 41,892 shares of the financial services provider’s stock, valued at approximately $738,000. Two Sigma Securities LLC owned approximately 0.06% of Global Net Lease at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. New York State Teachers Retirement System raised its position in shares of Global Net Lease by 2.4% during the fourth quarter. New York State Teachers Retirement System now owns 51,656 shares of the financial services provider’s stock valued at $910,000 after buying an additional 1,190 shares during the last quarter. AXA bought a new stake in Global Net Lease in the third quarter worth $2,706,000. LPL Financial LLC increased its position in Global Net Lease by 116.3% in the third quarter. LPL Financial LLC now owns 219,660 shares of the financial services provider’s stock worth $4,580,000 after purchasing an additional 118,095 shares during the last quarter. Macquarie Group Ltd. increased its position in Global Net Lease by 41.2% in the third quarter. Macquarie Group Ltd. now owns 28,800 shares of the financial services provider’s stock worth $600,000 after purchasing an additional 8,400 shares during the last quarter. Finally, Vanguard Group Inc increased its position in Global Net Lease by 4.7% in the third quarter. Vanguard Group Inc now owns 10,610,202 shares of the financial services provider’s stock worth $221,223,000 after purchasing an additional 471,874 shares during the last quarter. 56.07% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO James Larry Nelson bought 6,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average cost of $18.41 per share, with a total value of $110,460.00. Following the completion of the purchase, the chief executive officer now owns 14,000 shares of the company’s stock, valued at $257,740. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by insiders.

GNL has been the topic of several research reports. JMP Securities initiated coverage on shares of Global Net Lease in a research report on Tuesday, December 11th. They issued a “market perform” rating on the stock. B. Riley upgraded shares of Global Net Lease from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $25.00 to $24.00 in a research report on Friday. Finally, Zacks Investment Research cut shares of Global Net Lease from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $24.00.

GNL stock traded up $0.02 during mid-day trading on Tuesday, reaching $18.37. 1,685 shares of the stock traded hands, compared to its average volume of 839,772. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.45. Global Net Lease Inc has a one year low of $16.22 and a one year high of $22.53.

The business also recently announced a monthly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were paid a dividend of $0.1775 per share. This represents a $2.13 dividend on an annualized basis and a dividend yield of 11.59%. The ex-dividend date was Thursday, March 7th.

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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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