California Public Employees Retirement System Lowers Position in Global Net Lease, Inc. (GNL)

California Public Employees Retirement System reduced its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 65.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,299 shares of the financial services provider’s stock after selling 101,601 shares during the period. California Public Employees Retirement System owned 0.08% of Global Net Lease worth $1,308,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC bought a new position in shares of Global Net Lease during the first quarter worth $101,000. Acadian Asset Management LLC purchased a new position in shares of Global Net Lease during the first quarter worth $157,000. AE Wealth Management LLC purchased a new position in shares of Global Net Lease during the first quarter worth $217,000. BNP Paribas Arbitrage SA increased its position in shares of Global Net Lease by 218.8% in the first quarter. BNP Paribas Arbitrage SA now owns 21,858 shares of the financial services provider’s stock worth $526,000 after buying an additional 15,001 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Global Net Lease during the first quarter worth $721,000. 40.73% of the stock is currently owned by institutional investors.

Shares of Global Net Lease, Inc. (NYSE:GNL) opened at 21.37 on Friday. The firm’s 50-day moving average is $21.76 and its 200-day moving average is $20.66. Global Net Lease, Inc. has a 52-week low of $20.71 and a 52-week high of $25.95. The firm has a market cap of $1.44 billion, a P/E ratio of 35.92 and a beta of 0.69.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.1775 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.13 annualized dividend and a dividend yield of 9.97%. Global Net Lease’s dividend payout ratio (DPR) is presently 349.16%.

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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Global Net Lease from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub cut shares of Global Net Lease from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, FBR & Co reissued a “hold” rating on shares of Global Net Lease in a research report on Tuesday, May 23rd.

About Global Net Lease

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.

Institutional Ownership by Quarter for Global Net Lease (NYSE:GNL)

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