Barclays PLC Boosts Stake in Global Net Lease, Inc. (NYSE:GNL)

Barclays PLC raised its position in Global Net Lease, Inc. (NYSE:GNL) by 312.3% during the third quarter, Holdings Channel reports. The firm owned 339,701 shares of the financial services provider’s stock after buying an additional 257,310 shares during the quarter. Barclays PLC’s holdings in Global Net Lease were worth $2,859,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GNL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Global Net Lease by 392.8% in the 3rd 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 valued at $8,829,000 after buying an additional 835,830 shares during the period. Bank of Montreal Can grew its position in Global Net Lease by 12,401.0% in 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 acquiring an additional 3,093,924 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Global Net Lease by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock worth $34,176,000 after purchasing an additional 166,247 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Global Net Lease by 12.2% during the third 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, Private Advisor Group LLC purchased a new position in shares of Global Net Lease in the third quarter valued at approximately $92,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was bought at an average price of $8.40 per share, for a total transaction of $840,000.00. Following the completion of the purchase, the insider now directly owns 1,729,073 shares of the company’s stock, valued at approximately $14,524,213.20. The trade was a 6.14 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.31% of the stock is currently owned by insiders.

Global Net Lease Trading Up 1.1 %

Shares of NYSE:GNL opened at $7.26 on Wednesday. The company has a market cap of $1.67 billion, a PE ratio of -7.72, a P/E/G ratio of 0.93 and a beta of 1.34. The company’s 50 day moving average is $7.56 and its two-hundred day moving average is $7.97. Global Net Lease, Inc. has a 52 week low of $6.52 and a 52 week high of $10.19. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70.

Global Net Lease (NYSE:GNL) last posted its quarterly 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). The business had revenue of $196.56 million during the quarter, compared to analyst estimates of $198.76 million. Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. During the same quarter in the prior year, the business earned $0.36 earnings per share. 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 was paid on Wednesday, October 16th. Investors of record on Friday, October 11th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 15.15%. The ex-dividend date was Friday, October 11th. Global Net Lease’s dividend payout ratio (DPR) is -117.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Truist Financial cut their target price 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. JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research report on Tuesday, December 17th. Finally, Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Global Net Lease currently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

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.