Global Net Lease Inc (GNL) CEO James Larry Nelson Acquires 6,000 Shares

Global Net Lease Inc (NYSE:GNL) CEO James Larry Nelson acquired 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The stock was bought at an average cost of $16.66 per share, for a total transaction of $99,960.00. Following the completion of the purchase, the chief executive officer now directly owns 8,000 shares in the company, valued at approximately $133,280. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Global Net Lease Inc (GNL) opened at $16.57 on Tuesday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.21. Global Net Lease Inc has a one year low of $15.55 and a one year high of $24.45. The firm has a market capitalization of $1,134.62, a P/E ratio of 53.45 and a beta of 0.64.

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The business also recently disclosed a monthly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 8th were paid a $0.1775 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 12.85%. The ex-dividend date of this dividend was Wednesday, March 7th. Global Net Lease’s payout ratio is 687.10%.

A number of research analysts recently weighed in on the company. B. Riley reissued a “neutral” rating on shares of Global Net Lease in a research note on Friday, March 9th. Zacks Investment Research raised Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st.

Several hedge funds have recently modified their holdings of GNL. SG Americas Securities LLC bought a new position in Global Net Lease in the 4th quarter worth approximately $151,000. Schroder Investment Management Group bought a new position in Global Net Lease in the 3rd quarter worth approximately $159,000. Virtu Financial LLC bought a new position in Global Net Lease in the 4th quarter worth approximately $231,000. Nisa Investment Advisors LLC increased its position in Global Net Lease by 218.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,370 shares of the financial services provider’s stock worth $234,000 after buying an additional 7,800 shares during the period. Finally, Principal Financial Group Inc. bought a new position in Global Net Lease in the 3rd quarter worth approximately $237,000. 48.66% of the stock is currently owned by institutional investors and hedge funds.

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Global Net Lease Company Profile

Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.

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