Atlas Private Wealth Advisors Sells 5,152 Shares of Global Net Lease, Inc. (NYSE:GNL)

Atlas Private Wealth Advisors lessened its holdings in Global Net Lease, Inc. (NYSE:GNL) by 29.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,278 shares of the financial services provider’s stock after selling 5,152 shares during the quarter. Atlas Private Wealth Advisors’ holdings in Global Net Lease were worth $90,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Corient Private Wealth LLC increased 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 acquiring an additional 2,612,351 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Global Net Lease by 25.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,236,299 shares of the financial services provider’s stock valued at $17,376,000 after purchasing an additional 460,717 shares during the period. Vanguard Group Inc. raised its stake in shares of Global Net Lease by 10.3% in the fourth quarter. Vanguard Group Inc. now owns 33,932,387 shares of the financial services provider’s stock worth $337,627,000 after purchasing an additional 3,162,310 shares during the last quarter. CastleKnight Management LP lifted its holdings in shares of Global Net Lease by 59.2% during the fourth quarter. CastleKnight Management LP now owns 1,164,081 shares of the financial services provider’s stock worth $11,583,000 after purchasing an additional 432,729 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in Global Net Lease by 1.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 219,851 shares of the financial services provider’s stock valued at $2,188,000 after buying an additional 3,044 shares during the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Trading Down 1.3 %

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

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

Global Net Lease Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday. JMP Securities reissued a “market perform” rating on shares of Global Net Lease in a report on Wednesday, June 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $11.00 target price on shares of Global Net Lease in a report on Friday, June 28th. Four equities 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.com, the company has a consensus rating of “Hold” and a consensus price target of $11.00.

Insider Activity

In other news, major shareholder Nicholas S. Schorsch sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $7.02, for a total transaction of $702,000.00. Following the sale, the insider now owns 1,829,073 shares of the company’s stock, valued at approximately $12,840,092.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Nicholas S. Schorsch sold 100,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $7.02, for a total value of $702,000.00. Following the completion of the sale, the insider now directly owns 1,829,073 shares of the company’s stock, valued at approximately $12,840,092.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Nicholas S. Schorsch sold 433,350 shares of Global Net Lease stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $7.19, for a total value of $3,115,786.50. Following the transaction, the insider now directly owns 2,679,073 shares in the company, valued at approximately $19,262,534.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,043,070 shares of company stock worth $7,497,437. 0.31% of the stock is currently owned by corporate insiders.

About Global Net Lease

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.