Global Net Lease, Inc. (NYSE:GNL) Major Shareholder Nicholas S. Schorsch Acquires 100,000 Shares of Stock

Global Net Lease, Inc. (NYSE:GNL) major shareholder Nicholas S. Schorsch bought 100,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $7.72 per share, for a total transaction of $772,000.00. Following the purchase, the insider now directly owns 1,829,073 shares of the company’s stock, valued at approximately $14,120,443.56. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Global Net Lease Stock Up 0.4 %

Shares of GNL stock opened at $7.48 on Thursday. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $10.19. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The firm has a fifty day moving average of $8.33 and a 200-day moving average of $8.00. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -7.96, a P/E/G ratio of 0.98 and a beta of 1.38.

Global Net Lease (NYSE:GNL) last released its earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). The firm had revenue of $196.56 million for the quarter, compared to the consensus estimate of $198.76 million. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. During the same quarter last year, the company posted $0.36 EPS. As a group, equities research analysts predict that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.10 annualized dividend and a dividend yield of 14.71%. Global Net Lease’s dividend payout ratio is currently -117.02%.

Analyst Ratings Changes

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

Institutional Trading of Global Net Lease

Hedge funds and other institutional investors have recently made changes to their positions in the business. Edgestream Partners L.P. bought a new position in Global Net Lease in the first quarter valued at $3,798,000. Illinois Municipal Retirement Fund grew its holdings in shares of Global Net Lease by 5.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 113,714 shares of the financial services provider’s stock valued at $884,000 after acquiring an additional 5,970 shares in the last quarter. Bank of Montreal Can grew its stake in Global Net Lease by 12,401.0% in the second quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock valued at $22,986,000 after purchasing an additional 3,093,924 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Global Net Lease by 73.5% during the 1st quarter. Advisors Asset Management Inc. now owns 698,844 shares of the financial services provider’s stock worth $5,430,000 after purchasing an additional 296,124 shares during the last quarter. Finally, Atomi Financial Group Inc. bought a new stake in shares of Global Net Lease during the 1st quarter worth approximately $81,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.

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.