Global Net Lease, Inc. (NYSE:GNL) Shares Bought by Beck Capital Management LLC

Beck Capital Management LLC raised its stake in Global Net Lease, Inc. (NYSE:GNL) by 7.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 373,557 shares of the financial services provider’s stock after acquiring an additional 26,252 shares during the period. Beck Capital Management LLC’s holdings in Global Net Lease were worth $3,145,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GNL. Charles Schwab Investment Management Inc. increased its stake in shares of Global Net Lease by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock valued at $34,176,000 after purchasing an additional 166,247 shares during the period. Bank of Montreal Can raised its stake in Global Net Lease by 12,401.0% during the 2nd 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 during the period. Bank of New York Mellon Corp lifted its position in shares of Global Net Lease by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,607,268 shares of the financial services provider’s stock worth $11,813,000 after purchasing an additional 6,715 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Global Net Lease by 12.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock worth $9,345,000 after purchasing an additional 120,610 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Global Net Lease by 392.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock worth $8,829,000 after purchasing an additional 835,830 shares in the last quarter. 61.19% of the stock is currently owned by institutional investors.

Insider Activity at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of $7.72 per share, with a total value of $772,000.00. Following the completion of the purchase, the insider now directly owns 1,829,073 shares of the company’s stock, valued at approximately $14,120,443.56. This represents a 5.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.31% of the stock is currently owned by company insiders.

Global Net Lease Stock Performance

Shares of NYSE:GNL opened at $7.41 on Monday. The firm has a market cap of $1.71 billion, a PE ratio of -7.88, a PEG ratio of 0.97 and a beta of 1.38. 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 company’s 50 day moving average price is $8.00 and its two-hundred day moving average price is $8.01.

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

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 14.84%. The ex-dividend date was Friday, October 11th. Global Net Lease’s dividend payout ratio (DPR) is currently -117.02%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GNL. B. Riley lowered their price objective on shares of Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Truist Financial reduced their price objective on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Friday. Finally, StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.67.

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.