Global Net Lease, Inc. (NYSE:GNL) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC trimmed its position in Global Net Lease, Inc. (NYSE:GNL) by 12.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,585 shares of the financial services provider’s stock after selling 1,929 shares during the period. Mutual Advisors LLC’s holdings in Global Net Lease were worth $99,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GNL. Sunbelt Securities Inc. lifted its position in shares of Global Net Lease by 10.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 14,449 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 1,351 shares during the last quarter. Cobblestone Asset Management LLC lifted its position in shares of Global Net Lease by 4.2% during the 3rd quarter. Cobblestone Asset Management LLC now owns 44,537 shares of the financial services provider’s stock valued at $375,000 after acquiring an additional 1,804 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Global Net Lease by 60.1% during the 3rd quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,897 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Global Net Lease by 14.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,601 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 1,962 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Global Net Lease by 18.7% during the 3rd quarter. Signaturefd LLC now owns 14,726 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 2,316 shares during the last quarter. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Price Performance

Shares of NYSE:GNL opened at $7.04 on Thursday. The company’s fifty day moving average is $7.26 and its two-hundred day moving average is $7.95. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $9.10. The company has a market cap of $1.62 billion, a P/E ratio of -7.48 and a beta of 1.34.

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). Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. The company had revenue of $196.56 million during the quarter, compared to analyst estimates of $198.76 million. During the same period last year, the company posted $0.36 earnings per share. Equities analysts expect that Global Net Lease, Inc. will post 1.26 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.64%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s dividend payout ratio (DPR) is presently -117.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JMP Securities upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a research report on Tuesday, December 17th. Truist Financial cut their price objective on Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Friday, November 29th. Finally, Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Insider Transactions at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $7.72 per share, with a total value of $772,000.00. Following the completion of the transaction, the insider now directly owns 1,829,073 shares of the company’s stock, valued at $14,120,443.56. This represents a 5.78 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by company insiders.

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.