Global Net Lease, Inc. (NYSE:GNL) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,132,709 shares of the financial services provider’s stock after buying an additional 141,845 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.92% of Global Net Lease worth $15,569,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in GNL. JPMorgan Chase & Co. increased its holdings in shares of Global Net Lease by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 612,228 shares of the financial services provider’s stock valued at $5,155,000 after purchasing an additional 147,803 shares during the period. HB Wealth Management LLC acquired a new position in shares of Global Net Lease in the fourth quarter valued at approximately $81,000. PFG Investments LLC increased its holdings in shares of Global Net Lease by 177.2% in the fourth quarter. PFG Investments LLC now owns 86,497 shares of the financial services provider’s stock valued at $631,000 after purchasing an additional 55,293 shares during the period. Barclays PLC increased its holdings in shares of Global Net Lease by 312.3% in the third quarter. Barclays PLC now owns 339,701 shares of the financial services provider’s stock valued at $2,859,000 after purchasing an additional 257,310 shares during the period. Finally, US Bancorp DE increased its holdings in shares of Global Net Lease by 363.2% in the fourth quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 4,761 shares during the period. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Trading Up 1.0%

Shares of GNL stock opened at $7.99 on Friday. The business’s fifty day moving average price is $7.66 and its 200 day moving average price is $7.47. Global Net Lease, Inc. has a 1-year low of $6.51 and a 1-year high of $9.11. The firm has a market capitalization of $1.83 billion, a PE ratio of -8.50 and a beta of 1.22. 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 announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. The firm had revenue of $132.42 million for the quarter, compared to analyst estimates of $187.40 million. As a group, sell-side analysts forecast that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, April 11th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 9.51%. The ex-dividend date of this dividend was Friday, April 11th. Global Net Lease’s dividend payout ratio is presently -51.35%.

Analyst Ratings Changes

Separately, B. Riley started coverage on Global Net Lease in a report on Tuesday, April 22nd. They issued a “neutral” rating and a $8.00 target price on the stock. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.00.

Insider Buying and Selling

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total transaction of $1,590,000.00. Following the sale, the insider now directly owns 1,629,073 shares in the company, valued at approximately $12,951,130.35. The trade was a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is currently owned by corporate insiders.

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.