Global Net Lease, Inc. (NYSE:GNL) Stake Reduced by Atlas Private Wealth Advisors

Atlas Private Wealth Advisors decreased its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 29.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,278 shares of the financial services provider’s stock after selling 5,152 shares during the period. Atlas Private Wealth Advisors’ holdings in Global Net Lease were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Global Net Lease by 10.3% during the fourth quarter. Vanguard Group Inc. now owns 33,932,387 shares of the financial services provider’s stock worth $337,627,000 after buying an additional 3,162,310 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Global Net Lease by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,698,157 shares of the financial services provider’s stock worth $36,797,000 after purchasing an additional 200,649 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Global Net Lease by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,724,873 shares of the financial services provider’s stock valued at $27,113,000 after purchasing an additional 92,391 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Global Net Lease by 3,410.4% in the 4th quarter. Corient Private Wealth LLC now owns 2,688,951 shares of the financial services provider’s stock valued at $26,755,000 after purchasing an additional 2,612,351 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Global Net Lease by 25.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,236,299 shares of the financial services provider’s stock worth $17,376,000 after purchasing an additional 460,717 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Nicholas S. Schorsch sold 200,000 shares of Global Net Lease stock in a transaction on Monday, June 17th. The shares were sold at an average price of $7.16, for a total value of $1,432,000.00. Following the completion of the sale, the insider now owns 3,201,694 shares of the company’s stock, valued at approximately $22,924,129.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $7.16, for a total value of $1,432,000.00. Following the transaction, the insider now directly owns 3,201,694 shares in the company, valued at approximately $22,924,129.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Nicholas S. Schorsch sold 159,720 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $7.32, for a total value of $1,169,150.40. Following the completion of the sale, the insider now directly owns 3,546,752 shares in the company, valued at $25,962,224.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,043,070 shares of company stock worth $7,497,437. Insiders own 0.31% of the company’s stock.

Global Net Lease Stock Down 1.3 %

GNL traded down $0.11 on Friday, reaching $8.06. 3,512,187 shares of the company traded hands, compared to its average volume of 1,553,377. The company has a market cap of $1.86 billion, a price-to-earnings ratio of -4.43, a PEG ratio of 1.11 and a beta of 1.37. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.05 and a quick ratio of 0.05. The stock’s 50 day moving average price is $7.82 and its 200-day moving average price is $7.64. Global Net Lease, Inc. has a 52-week low of $6.52 and a 52-week high of $11.58.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.52). The company had revenue of $203.29 million for the quarter, compared to analysts’ expectations of $204.80 million. Global Net Lease had a negative net margin of 37.46% and a negative return on equity of 10.08%. During the same quarter in the prior year, the firm earned $0.40 earnings per share. On average, sell-side analysts expect that Global Net Lease, Inc. will post 1.29 EPS for the current fiscal year.

Global Net Lease Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Thursday, July 11th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 13.65%. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, July 11th. Global Net Lease’s payout ratio is currently -60.44%.

Wall Street Analysts Forecast Growth

GNL has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $11.00 price objective on shares of Global Net Lease in a research note on Friday, June 28th. StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, JMP Securities reiterated a “market perform” rating on shares of Global Net Lease in a research report on Wednesday, June 12th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.00.

Global Net Lease Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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.