American International Group Inc. Has $1.11 Million Holdings in Global Net Lease Inc (NYSE:GNL)

American International Group Inc. raised its holdings in Global Net Lease Inc (NYSE:GNL) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,734 shares of the financial services provider’s stock after acquiring an additional 1,993 shares during the quarter. American International Group Inc. owned about 0.07% of Global Net Lease worth $1,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GNL. Bank of Montreal Can increased its position in Global Net Lease by 5.1% during the fourth quarter. Bank of Montreal Can now owns 10,655 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 517 shares during the period. Capital Investment Advisory Services LLC increased its position in Global Net Lease by 5.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 11,177 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 609 shares during the period. New York State Teachers Retirement System increased its position in Global Net Lease by 2.4% during the fourth quarter. New York State Teachers Retirement System now owns 51,656 shares of the financial services provider’s stock worth $910,000 after acquiring an additional 1,190 shares during the period. Versant Capital Management Inc increased its position in Global Net Lease by 274.7% during the first quarter. Versant Capital Management Inc now owns 1,641 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,203 shares during the period. Finally, Stevens Capital Management LP increased its position in Global Net Lease by 7.8% during the first quarter. Stevens Capital Management LP now owns 19,163 shares of the financial services provider’s stock worth $362,000 after acquiring an additional 1,391 shares during the period. Hedge funds and other institutional investors own 63.32% of the company’s stock.

A number of equities analysts recently issued reports on GNL shares. B. Riley raised shares of Global Net Lease from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $25.00 to $24.00 in a research report on Friday, March 15th. Zacks Investment Research upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Global Net Lease presently has a consensus rating of “Hold” and an average price target of $24.00.

Shares of NYSE:GNL traded up $0.37 on Friday, hitting $19.62. The stock had a trading volume of 2,022,413 shares, compared to its average volume of 737,815. Global Net Lease Inc has a twelve month low of $16.95 and a twelve month high of $22.53. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $19.16. The company has a market cap of $1.62 billion, a P/E ratio of 9.17 and a beta of 0.69.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.43). The company had revenue of $75.47 million for the quarter, compared to analyst estimates of $75.92 million. Global Net Lease had a return on equity of 1.00% and a net margin of 4.96%. On average, sell-side analysts forecast that Global Net Lease Inc will post 1.92 EPS for the current fiscal year.

Global Net Lease Profile

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

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