Global Net Lease, Inc. (NYSE:GNL) Shares Purchased by EMC Capital Management

EMC Capital Management raised its stake in Global Net Lease, Inc. (NYSE:GNL) by 1,288.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,840 shares of the financial services provider’s stock after acquiring an additional 32,330 shares during the period. EMC Capital Management’s holdings in Global Net Lease were worth $254,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. American Capital Advisory LLC acquired a new position in Global Net Lease during the 3rd quarter valued at approximately $34,000. Park Place Capital Corp acquired a new position in shares of Global Net Lease during the third quarter valued at $35,000. GAMMA Investing LLC grew its position 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 acquiring an additional 1,897 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Global Net Lease in the 3rd quarter worth about $67,000. Finally, KBC Group NV lifted its position in Global Net Lease by 37.4% in the 3rd quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 2,535 shares during the last quarter. 61.19% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 1,829,073 shares of the company’s stock, valued at $14,120,443.56. This trade represents a 5.78 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

GNL has been the topic of several analyst reports. Truist Financial dropped their price target on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Friday, November 29th. Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, JMP Securities upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Global Net Lease Price Performance

Shares of NYSE:GNL opened at $7.19 on Friday. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -7.64 and a beta of 1.34. 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, Inc. has a 12 month low of $6.52 and a 12 month high of $9.10. The stock’s 50 day moving average price is $7.26 and its 200 day moving average price is $7.95.

Global Net Lease (NYSE:GNL) last announced 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 analyst estimates 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 quarter last year, the company earned $0.36 EPS. Equities research analysts anticipate that Global Net Lease, Inc. will post 1.26 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 Thursday, January 16th. Stockholders of record on Monday, January 13th were paid a $0.275 dividend. The ex-dividend date was Monday, January 13th. This represents a $1.10 annualized dividend and a dividend yield of 15.31%. Global Net Lease’s dividend payout ratio is currently -117.02%.

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.