Marshall Wace LLP Takes $4.02 Million Position in Global Net Lease, Inc. (NYSE:GNL)

Marshall Wace LLP purchased a new position in Global Net Lease, Inc. (NYSE:GNL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 550,827 shares of the financial services provider's stock, valued at approximately $4,021,000. Marshall Wace LLP owned about 0.24% of Global Net Lease at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GNL. Jump Financial LLC purchased a new stake in shares of Global Net Lease in the 4th quarter worth $99,000. Guggenheim Capital LLC grew its holdings in Global Net Lease by 21.1% during the 4th quarter. Guggenheim Capital LLC now owns 137,126 shares of the financial services provider's stock worth $1,001,000 after acquiring an additional 23,859 shares in the last quarter. Barclays PLC grew its holdings in Global Net Lease by 135.2% during the 4th quarter. Barclays PLC now owns 799,140 shares of the financial services provider's stock worth $5,834,000 after acquiring an additional 459,439 shares in the last quarter. Summit Investment Advisors Inc. increased its position in Global Net Lease by 8.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 21,006 shares of the financial services provider's stock valued at $153,000 after purchasing an additional 1,655 shares during the period. Finally, Concorde Asset Management LLC raised its holdings in shares of Global Net Lease by 6.4% in the 4th quarter. Concorde Asset Management LLC now owns 71,755 shares of the financial services provider's stock valued at $524,000 after purchasing an additional 4,300 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley initiated coverage on shares of Global Net Lease in a research note on Tuesday, April 22nd. They set a "neutral" rating and a $8.00 price objective on the stock. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $9.00.

Global Net Lease Stock Up 0.1 %

Shares of GNL stock traded up $0.01 during mid-day trading on Wednesday, hitting $7.54. 1,579,388 shares of the stock traded hands, compared to its average volume of 1,514,723. Global Net Lease, Inc. has a 52-week low of $6.51 and a 52-week high of $9.11. The stock has a market cap of $1.72 billion, a P/E ratio of -8.02 and a beta of 1.19. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The stock's fifty day moving average is $7.68 and its two-hundred day moving average is $7.51.

Global Net Lease Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, April 11th were paid a $0.19 dividend. The ex-dividend date was Friday, April 11th. This represents a $0.76 annualized dividend and a yield of 10.08%. Global Net Lease's dividend payout ratio (DPR) is -100.00%.

Insiders Place Their Bets

In other news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total transaction of $1,590,000.00. Following the sale, the insider now owns 1,629,073 shares in the company, valued at approximately $12,951,130.35. The trade was a 10.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company's stock.

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.