Global Net Lease, Inc. (NYSE:GNL) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its position in Global Net Lease, Inc. (NYSE:GNL) by 91.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,661 shares of the financial services provider’s stock after selling 138,280 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Global Net Lease were worth $107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Capital Advisory LLC purchased a new position in shares of Global Net Lease in the third quarter worth about $34,000. Park Place Capital Corp acquired a new position in Global Net Lease in the 3rd quarter worth approximately $35,000. GAMMA Investing LLC increased its holdings in 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 worth $43,000 after buying an additional 1,897 shares during the period. McIlrath & Eck LLC purchased a new position in Global Net Lease during the 3rd quarter worth approximately $67,000. Finally, Verus Capital Partners LLC acquired a new stake in Global Net Lease during the 2nd quarter valued at approximately $74,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Analysts Set New Price Targets

GNL has been the topic of a number of research reports. Truist Financial cut their price objective 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. JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target on the stock in a research report on Tuesday, December 17th. Finally, Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $9.50.

Insider Buying and Selling

In other news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average cost of $7.72 per share, for a total transaction of $772,000.00. Following the acquisition, the insider now owns 1,829,073 shares in the company, valued at approximately $14,120,443.56. This represents a 5.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by insiders.

Global Net Lease Stock Up 1.9 %

GNL opened at $7.15 on Monday. The company has a fifty day moving average of $7.60 and a two-hundred day moving average of $7.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. Global Net Lease, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $10.19. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -7.61, a PEG ratio of 0.93 and a beta of 1.34.

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

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Friday, October 11th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.10 dividend on an annualized basis and a yield of 15.38%. 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.