Clarity Financial LLC Invests $116,000 in Global Net Lease, Inc. (NYSE:GNL)

Clarity Financial LLC bought a new position in shares of Global Net Lease, Inc. (NYSE:GNL) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 13,822 shares of the financial services provider’s stock, valued at approximately $116,000.

Several other hedge funds have also added to or reduced their stakes in GNL. Park Place Capital Corp acquired a new position in Global Net Lease in the 3rd quarter valued at $35,000. GAMMA Investing LLC grew its stake in shares of Global Net Lease by 60.1% in the third quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,897 shares in the last quarter. Verus Capital Partners LLC bought a new position in Global Net Lease during the second quarter worth about $74,000. Atomi Financial Group Inc. bought a new position in Global Net Lease during the first quarter worth about $81,000. Finally, Signaturefd LLC raised its stake in Global Net Lease by 176.8% in the 2nd quarter. Signaturefd LLC now owns 12,410 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 7,927 shares in the last quarter. 61.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were purchased at an average price of $8.40 per share, for a total transaction of $840,000.00. Following the purchase, the insider now directly owns 1,729,073 shares of the company’s stock, valued at approximately $14,524,213.20. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GNL has been the topic of a number of analyst reports. Truist Financial increased their target price on shares of Global Net Lease from $8.00 to $8.50 and gave the stock a “hold” rating in a research report on Wednesday, August 21st. B. Riley cut their price target on Global Net Lease from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Finally, StockNews.com upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Global Net Lease presently has an average rating of “Hold” and a consensus target price of $9.83.

Global Net Lease Trading Up 1.3 %

Shares of Global Net Lease stock opened at $7.76 on Wednesday. The firm’s 50-day moving average price is $8.43 and its two-hundred day moving average price is $7.97. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of -4.51, a PEG ratio of 1.00 and a beta of 1.38. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.72. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $10.19.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.52). The firm had revenue of $203.29 million for the quarter, compared to analyst estimates of $204.80 million. Global Net Lease had a negative return on equity of 9.41% and a negative net margin of 33.26%. During the same quarter in the prior year, the business posted $0.40 EPS. On average, analysts forecast that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were issued a $0.275 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.10 annualized dividend and a dividend yield of 14.18%. Global Net Lease’s dividend payout ratio is currently -63.95%.

Global Net Lease 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.