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 acquired 100,000 shares of Global Net Lease stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $7.72 per share, with a total value of $772,000.00. Following the completion of the purchase, the insider now owns 1,829,073 shares in the company, valued at $14,120,443.56. The trade was a 5.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Global Net Lease Stock Performance

NYSE GNL opened at $7.28 on Friday. Global Net Lease, Inc. has a 1-year low of $6.52 and a 1-year high of $10.19. The company has a market capitalization of $1.68 billion, a P/E ratio of -7.74, a PEG ratio of 0.98 and a beta of 1.38. The business has a 50 day moving average price of $8.30 and a 200 day moving average price of $7.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06.

Global Net Lease (NYSE:GNL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.65). The firm had revenue of $196.56 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the business earned $0.36 earnings per share. Sell-side analysts expect that Global Net Lease, Inc. will post 1.27 EPS for the current fiscal year.

Global Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders 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 yield of 15.12%. The ex-dividend date was Friday, October 11th. Global Net Lease’s dividend payout ratio (DPR) is presently -117.02%.

Institutional Investors Weigh In On Global Net Lease

Large investors have recently bought and sold shares of the stock. American Capital Advisory LLC acquired a new stake in Global Net Lease during the 3rd quarter valued at $34,000. Park Place Capital Corp acquired a new stake in shares of Global Net Lease during the third quarter worth $35,000. GAMMA Investing LLC boosted its holdings in shares of Global Net Lease by 60.1% during the third quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,897 shares during the last quarter. KBC Group NV boosted its holdings in shares of Global Net Lease by 37.4% during the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 2,535 shares during the last quarter. Finally, Verus Capital Partners LLC acquired a new stake in shares of Global Net Lease during the second quarter worth $74,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on GNL. B. Riley reduced their price objective on Global Net Lease from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Truist Financial increased their target price on Global Net Lease from $8.00 to $8.50 and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Finally, StockNews.com raised Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Four equities research 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.com, Global Net Lease has an average rating of “Hold” and a consensus target price of $9.83.

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.