Global Net Lease, Inc. (NYSE:GNL) Major Shareholder Purchases $772,000.00 in Stock

Global Net Lease, Inc. (NYSE:GNL) major shareholder Nicholas S. Schorsch purchased 100,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were acquired at an average price of $7.72 per share, with a total value of $772,000.00. Following the completion of the transaction, the insider now owns 1,829,073 shares of the company’s stock, valued at approximately $14,120,443.56. This trade represents a 5.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Global Net Lease Price Performance

Shares of GNL opened at $7.28 on Friday. Global Net Lease, Inc. has a twelve month low of $6.52 and a twelve month high of $10.19. The company has a market capitalization of $1.68 billion, a P/E ratio of -7.74, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38. The firm has a 50 day moving average of $8.27 and a 200 day moving average of $7.99. 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 (NYSE:GNL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) EPS 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 business had revenue of $196.56 million during the quarter, compared to the consensus estimate of $198.76 million. During the same period in the previous year, the business posted $0.36 EPS. As a group, equities research analysts anticipate that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.12%. The ex-dividend date was Friday, October 11th. Global Net Lease’s payout ratio is presently -117.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GNL shares. StockNews.com upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Truist Financial increased their price objective on Global Net Lease from $8.00 to $8.50 and gave the company a “hold” rating in a research note on Wednesday, August 21st. Finally, B. Riley decreased their target price on shares of Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.83.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can boosted its holdings in Global Net Lease by 12,401.0% in the second quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock worth $22,986,000 after purchasing an additional 3,093,924 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Global Net Lease by 392.8% during 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. Edgestream Partners L.P. purchased a new position in shares of Global Net Lease in the 1st quarter worth $3,798,000. TrueMark Investments LLC purchased a new stake in Global Net Lease during the second quarter valued at $3,367,000. Finally, Advisors Asset Management Inc. lifted its holdings in Global Net Lease by 73.5% in the first quarter. Advisors Asset Management Inc. now owns 698,844 shares of the financial services provider’s stock valued at $5,430,000 after acquiring an additional 296,124 shares during the period. 61.19% of the stock is owned by hedge funds and other institutional investors.

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.