Teacher Retirement System of Texas Makes New $573,000 Investment in Global Net Lease, Inc. (NYSE:GNL)

Teacher Retirement System of Texas bought a new stake in Global Net Lease, Inc. (NYSE:GNL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 71,216 shares of the financial services provider's stock, valued at approximately $573,000.

Several other large investors also recently added to or reduced their stakes in the stock. Blair William & Co. IL grew its holdings in Global Net Lease by 13.2% in the 4th quarter. Blair William & Co. IL now owns 12,300 shares of the financial services provider's stock valued at $90,000 after buying an additional 1,433 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Global Net Lease by 1.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,582 shares of the financial services provider's stock valued at $1,020,000 after buying an additional 1,465 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in Global Net Lease by 8.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 21,006 shares of the financial services provider's stock valued at $153,000 after buying an additional 1,655 shares in the last quarter. Arrow Investment Advisors LLC grew its holdings in Global Net Lease by 10.6% in the 1st quarter. Arrow Investment Advisors LLC now owns 21,039 shares of the financial services provider's stock valued at $169,000 after buying an additional 2,012 shares in the last quarter. Finally, Fox Run Management L.L.C. grew its holdings in Global Net Lease by 7.2% in the 4th quarter. Fox Run Management L.L.C. now owns 36,168 shares of the financial services provider's stock valued at $264,000 after buying an additional 2,425 shares in the last quarter. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Global Net Lease Stock Down 1.0%

Shares of GNL traded down $0.07 during mid-day trading on Friday, reaching $7.10. The company's stock had a trading volume of 1,458,716 shares, compared to its average volume of 1,591,092. Global Net Lease, Inc. has a 12-month low of $6.51 and a 12-month high of $9.11. The stock has a market cap of $1.62 billion, a PE ratio of -4.80 and a beta of 1.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.11 and a quick ratio of 0.11. The company's 50 day moving average is $7.63 and its 200 day moving average is $7.53.

Global Net Lease (NYSE:GNL - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.06. Global Net Lease had a negative return on equity of 9.23% and a negative net margin of 40.64%. The business had revenue of $132.42 million for the quarter, compared to the consensus estimate of $187.40 million. Equities analysts anticipate that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Investors of record on Friday, July 11th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.76 dividend on an annualized basis and a yield of 10.70%. Global Net Lease's dividend payout ratio is presently -51.35%.

Analyst Ratings Changes

Several brokerages have recently commented on GNL. B. Riley began coverage on Global Net Lease in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $8.00 price target on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $9.00 price target on shares of Global Net Lease in a research note on Thursday, June 12th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $8.33.

Insider Activity at Global Net Lease

In other news, CEO Edward M. Jr. Weil sold 150,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $7.61, for a total value of $1,141,500.00. Following the completion of the sale, the chief executive officer directly owned 584,053 shares of the company's stock, valued at approximately $4,444,643.33. This represents a 20.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicholas S. Schorsch sold 7,103,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $7.43, for a total value of $52,775,290.00. Following the completion of the sale, the insider directly owned 19,907,384 shares of the company's stock, valued at $147,911,863.12. The trade was a 26.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,653,000 shares of company stock worth $56,914,790. 0.37% of the stock is currently owned by corporate insiders.

About Global Net Lease

Global Net Lease, Inc NYSE: GNL is a publicly traded real estate investment trust listed on the NYSE. The firm 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.