JPMorgan Chase & Co. Buys 656,890 Shares of Global Net Lease, Inc. (NYSE:GNL)

JPMorgan Chase & Co. raised its stake in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 107.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,269,118 shares of the financial services provider's stock after buying an additional 656,890 shares during the period. JPMorgan Chase & Co. owned about 0.55% of Global Net Lease worth $9,265,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Global Net Lease by 1.9% in the third quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider's stock valued at $42,897,000 after buying an additional 95,769 shares during the period. HB Wealth Management LLC bought a new position in shares of Global Net Lease in the 4th quarter worth about $81,000. PFG Investments LLC lifted its stake in shares of Global Net Lease by 177.2% in the 4th quarter. PFG Investments LLC now owns 86,497 shares of the financial services provider's stock valued at $631,000 after purchasing an additional 55,293 shares during the period. Barclays PLC boosted its position in shares of Global Net Lease by 312.3% during the 3rd quarter. Barclays PLC now owns 339,701 shares of the financial services provider's stock valued at $2,859,000 after purchasing an additional 257,310 shares in the last quarter. Finally, US Bancorp DE grew its stake in Global Net Lease by 363.2% during the fourth quarter. US Bancorp DE now owns 6,072 shares of the financial services provider's stock worth $44,000 after purchasing an additional 4,761 shares during the period. Institutional investors and hedge funds own 61.19% of the company's stock.

Global Net Lease Trading Up 0.5 %

GNL traded up $0.04 during trading on Friday, hitting $7.57. The company's stock had a trading volume of 1,740,263 shares, compared to its average volume of 1,514,916. The firm has a market capitalization of $1.73 billion, a P/E ratio of -8.05 and a beta of 1.19. Global Net Lease, Inc. has a twelve month low of $6.51 and a twelve month high of $9.11. The stock's fifty day moving average price is $7.62 and its 200-day moving average price is $7.55. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70.

Global Net Lease Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, April 11th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.04%. Global Net Lease's payout ratio is presently -100.00%.

Insider Buying and Selling

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total value of $1,590,000.00. Following the completion of the sale, the insider now owns 1,629,073 shares of the company's stock, valued at approximately $12,951,130.35. This trade represents a 10.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.31% of the stock is owned by insiders.

Global Net Lease Company Profile

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.