BNP Paribas Arbitrage SA grew its position in Global Net Lease Inc (NYSE:GNL) by 91.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,782 shares of the financial services provider’s stock after purchasing an additional 13,777 shares during the period. BNP Paribas Arbitrage SA’s holdings in Global Net Lease were worth $486,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of GNL. Schwab Charles Investment Management Inc. lifted its holdings in shares of Global Net Lease by 4.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 634,592 shares of the financial services provider’s stock valued at $13,060,000 after purchasing an additional 25,357 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Global Net Lease in the fourth quarter valued at about $151,000. Teacher Retirement System of Texas acquired a new stake in shares of Global Net Lease in the fourth quarter valued at about $477,000. California Public Employees Retirement System increased its position in shares of Global Net Lease by 5.7% in the fourth quarter. California Public Employees Retirement System now owns 60,580 shares of the financial services provider’s stock valued at $1,247,000 after acquiring an additional 3,281 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Global Net Lease by 3.9% in the fourth quarter. Swiss National Bank now owns 114,667 shares of the financial services provider’s stock valued at $2,360,000 after acquiring an additional 4,300 shares during the last quarter. Institutional investors own 59.18% of the company’s stock.
A number of research firms recently issued reports on GNL. B. Riley reaffirmed a “neutral” rating on shares of Global Net Lease in a research report on Friday, March 9th. Zacks Investment Research raised Global Net Lease from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, ValuEngine downgraded Global Net Lease from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Global Net Lease presently has an average rating of “Hold” and a consensus price target of $22.00.
NYSE:GNL opened at $20.25 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market capitalization of $1.35 billion, a P/E ratio of 10.07 and a beta of 0.50. Global Net Lease Inc has a 52-week low of $15.55 and a 52-week high of $22.76.
Global Net Lease (NYSE:GNL) last released its earnings results on Tuesday, May 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $68.09 million during the quarter, compared to analyst estimates of $66.87 million. Global Net Lease had a net margin of 7.92% and a return on equity of 1.51%. analysts anticipate that Global Net Lease Inc will post 2.05 earnings per share for the current year.
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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