Global Net Lease, Inc. (NYSE:GNL – Get Free Report) major shareholder Nicholas S. Schorsch sold 4,837 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $8.90, for a total value of $43,049.30. Following the completion of the transaction, the insider now directly owns 3,861,472 shares in the company, valued at approximately $34,367,100.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Global Net Lease Price Performance
Shares of NYSE:GNL traded down $0.03 during trading on Friday, hitting $8.88. 802,351 shares of the company’s stock were exchanged, compared to its average volume of 1,529,275. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -5.46, a PEG ratio of 0.95 and a beta of 1.38. The business’s 50-day simple moving average is $9.31 and its 200 day simple moving average is $9.69. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.05 and a quick ratio of 0.05. Global Net Lease, Inc. has a 52-week low of $7.56 and a 52-week high of $15.28.
Global Net Lease Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, January 12th were issued a dividend of $0.354 per share. This represents a $1.42 annualized dividend and a yield of 15.95%. The ex-dividend date was Thursday, January 11th. This is a boost from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s dividend payout ratio (DPR) is currently -86.59%.
Wall Street Analyst Weigh In
Institutional Investors Weigh In On Global Net Lease
Institutional investors and hedge funds have recently modified their holdings of the business. Beaird Harris Wealth Management LLC purchased a new position in Global Net Lease during the 3rd quarter worth $26,000. Gradient Investments LLC increased its stake in Global Net Lease by 98.9% during the 3rd quarter. Gradient Investments LLC now owns 2,942 shares of the financial services provider’s stock worth $28,000 after buying an additional 1,463 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Global Net Lease in the third quarter valued at approximately $31,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Global Net Lease in the fourth quarter valued at approximately $31,000. Finally, Spire Wealth Management grew its position in shares of Global Net Lease by 221.9% in the third quarter. Spire Wealth Management now owns 3,299 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 2,274 shares in the last quarter. 75.56% of the stock is owned by 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 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.
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