Global Net Lease, Inc. (NYSE:GNL) Major Shareholder Nicholas S. Schorsch Buys 100,000 Shares

Global Net Lease, Inc. (NYSE:GNL) major shareholder Nicholas S. Schorsch bought 100,000 shares of Global Net Lease stock in a transaction dated Monday, November 11th. The stock was acquired at an average price of $7.72 per share, for a total transaction of $772,000.00. Following the completion of the acquisition, the insider now owns 1,829,073 shares in the company, valued at approximately $14,120,443.56. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Global Net Lease Stock Down 3.5 %

Global Net Lease stock opened at $7.45 on Wednesday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average of $8.35 and a two-hundred day moving average of $8.00. Global Net Lease, Inc. has a one year low of $6.52 and a one year high of $10.19.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The company had revenue of $196.56 million for the quarter, compared to analyst estimates of $198.76 million. During the same quarter in the previous year, the company posted $0.36 EPS. Equities research analysts forecast that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 14.77%. The ex-dividend date was Friday, October 11th. Global Net Lease’s dividend payout ratio (DPR) is currently -117.02%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. American Capital Advisory LLC purchased a new position in Global Net Lease during the third quarter valued at approximately $34,000. Park Place Capital Corp purchased a new position in shares of Global Net Lease during the 3rd quarter valued at approximately $35,000. GAMMA Investing LLC lifted its stake in shares of Global Net Lease by 60.1% in the 3rd quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,897 shares during the period. Verus Capital Partners LLC purchased a new stake in Global Net Lease during the second quarter worth $74,000. Finally, KBC Group NV increased its holdings in Global Net Lease by 37.4% in the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock valued at $78,000 after buying an additional 2,535 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

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.