Global Net Lease, Inc. (NYSE:GNL) Stake Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,718,867 shares of the financial services provider’s stock after selling 48,700 shares during the period. Dimensional Fund Advisors LP’s holdings in Global Net Lease were worth $19,983,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its stake in Global Net Lease by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 98,300 shares of the financial services provider’s stock valued at $723,000 after buying an additional 1,600 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Global Net Lease by 1.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 170,328 shares of the financial services provider’s stock valued at $1,323,000 after purchasing an additional 1,689 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of Global Net Lease by 3.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 58,017 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 1,789 shares during the last quarter. Capital Market Strategies LLC grew its stake in shares of Global Net Lease by 14.6% in the 2nd quarter. Capital Market Strategies LLC now owns 15,694 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new stake in shares of Global Net Lease in the 4th quarter worth approximately $25,000. 61.19% of the stock is owned by institutional investors.

Global Net Lease Price Performance

NYSE GNL opened at $8.48 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.95 billion, a PE ratio of -4.66, a price-to-earnings-growth ratio of 1.15 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 50 day moving average price of $8.54 and a two-hundred day moving average price of $7.81.

Global Net Lease (NYSE:GNL) last released 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). Global Net Lease had a negative return on equity of 9.41% and a negative net margin of 33.26%. The company had revenue of $203.29 million for the quarter, compared to the consensus estimate of $204.80 million. During the same quarter last year, the company posted $0.40 EPS. As a group, equities analysts predict that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 12.98%. The ex-dividend date is Friday, October 11th. Global Net Lease’s dividend payout ratio is currently -60.44%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. B. Riley dropped their price target on Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $11.00 target price on shares of Global Net Lease in a research report on Friday, June 28th. JMP Securities reiterated a “market perform” rating on shares of Global Net Lease in a research report on Wednesday, June 12th. Truist Financial boosted their price objective on Global Net Lease from $8.00 to $8.50 and gave the stock a “hold” rating in a report on Wednesday, August 21st. Finally, StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.83.

Insiders Place Their Bets

In other news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was purchased at an average price of $8.40 per share, with a total value of $840,000.00. Following the acquisition, the insider now directly owns 1,729,073 shares in the company, valued at approximately $14,524,213.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.31% of the company’s stock.

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.