Quantinno Capital Management LP Makes New $112,000 Investment in Global Net Lease, Inc. (NYSE:GNL)

Quantinno Capital Management LP bought a new stake in shares of Global Net Lease, Inc. (NYSE:GNL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,267 shares of the financial services provider’s stock, valued at approximately $112,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GNL. American Capital Advisory LLC bought a new stake in Global Net Lease during the 3rd quarter valued at about $34,000. Park Place Capital Corp bought a new stake in shares of Global Net Lease during the third quarter valued at approximately $35,000. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 1,897 shares during the period. KBC Group NV grew its stake in Global Net Lease by 37.4% in the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 2,535 shares in the last quarter. Finally, Verus Capital Partners LLC purchased a new position in Global Net Lease during the 2nd quarter worth $74,000. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on GNL. JMP Securities upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price for the company in a report on Tuesday. Truist Financial dropped their price objective on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Global Net Lease presently has an average rating of “Moderate Buy” and an average target price of $9.50.

Global Net Lease Stock Up 2.2 %

NYSE:GNL opened at $7.29 on Wednesday. The company’s 50-day simple moving average is $7.71 and its 200-day simple moving average is $7.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. Global Net Lease, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $10.19. The stock has a market capitalization of $1.68 billion, a P/E ratio of -7.76, a P/E/G ratio of 0.93 and a beta of 1.34.

Global Net Lease (NYSE:GNL) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.65). Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. The firm had revenue of $196.56 million during the quarter, compared to analysts’ expectations of $198.76 million. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, equities analysts anticipate 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. Shareholders of record on Friday, October 11th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 15.09%. The ex-dividend date of this dividend was Friday, October 11th. Global Net Lease’s dividend payout ratio (DPR) is presently -117.02%.

Insiders Place Their Bets

In related news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $7.72 per share, for a total transaction of $772,000.00. Following the completion of the purchase, the insider now 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.31% of the company’s stock.

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.