Nicholas S. Schorsch Sells 200,000 Shares of Global Net Lease, Inc. (NYSE:GNL) Stock

Global Net Lease, Inc. (NYSE:GNL) major shareholder Nicholas S. Schorsch sold 200,000 shares of Global Net Lease stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $7.95, for a total value of $1,590,000.00. Following the completion of the transaction, the insider now owns 1,629,073 shares in the company, valued at $12,951,130.35. The trade was a 10.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Global Net Lease Price Performance

GNL opened at $7.53 on Friday. Global Net Lease, Inc. has a twelve month low of $6.52 and a twelve month high of $9.11. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -8.01 and a beta of 1.18. 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 company has a fifty day simple moving average of $7.61 and a 200 day simple moving average of $7.66.

Global Net Lease Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.76 annualized dividend and a dividend yield of 10.10%. Global Net Lease’s dividend payout ratio is presently -144.74%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. JMP Securities upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price for the company in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $9.50.

Institutional Trading of Global Net Lease

A number of hedge funds and other institutional investors have recently modified their holdings of GNL. Helix Partners Management LP acquired a new stake in Global Net Lease during the 4th quarter valued at approximately $24,455,000. Taconic Capital Advisors LP purchased a new position in shares of Global Net Lease during the 4th quarter valued at approximately $7,300,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Global Net Lease by 392.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock worth $8,829,000 after buying an additional 835,830 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Global Net Lease by 107.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,269,118 shares of the financial services provider’s stock worth $9,265,000 after buying an additional 656,890 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Global Net Lease in the fourth quarter valued at $4,021,000. 61.19% of the stock is owned by hedge funds and other institutional investors.

About Global Net Lease

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.