Nicholas S. Schorsch Acquires 100,000 Shares of Global Net Lease, Inc. (NYSE:GNL) Stock

Global Net Lease, Inc. (NYSE:GNL) major shareholder Nicholas S. Schorsch bought 100,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $7.72 per share, for a total transaction of $772,000.00. Following the transaction, the insider now owns 1,829,073 shares of the company’s stock, valued at approximately $14,120,443.56. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Global Net Lease Price Performance

Global Net Lease stock opened at $7.45 on Wednesday. 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 fifty-two week low of $6.52 and a fifty-two week high of $10.19. The stock has a 50-day simple moving average of $8.35 and a 200-day simple moving average of $8.00.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). The company had revenue of $196.56 million for the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.36 EPS. As a group, research analysts forecast that Global Net Lease, Inc. will post 1.27 EPS for the current year.

Global Net Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Friday, October 11th were paid 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 -117.02%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GNL shares. Truist Financial upped their price objective on shares of Global Net Lease from $8.00 to $8.50 and gave the company a “hold” rating in a research note on Wednesday, August 21st. StockNews.com upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, B. Riley reduced their price objective on Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Global Net Lease presently has an average rating of “Hold” and an average target price of $9.83.

Hedge Funds Weigh In On Global Net Lease

Several hedge funds and other institutional investors have recently bought and sold shares of GNL. Sunbelt Securities Inc. lifted its position in shares of Global Net Lease by 10.3% in the second quarter. Sunbelt Securities Inc. now owns 14,449 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 1,351 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Global Net Lease by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 98,300 shares of the financial services provider’s stock valued at $723,000 after purchasing an additional 1,600 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Global Net Lease by 1.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 170,328 shares of the financial services provider’s stock worth $1,323,000 after purchasing an additional 1,689 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Global Net Lease by 3.2% during the second quarter. Arkadios Wealth Advisors now owns 58,017 shares of the financial services provider’s stock worth $426,000 after buying an additional 1,789 shares in the last quarter. Finally, Cobblestone Asset Management LLC raised its position in shares of Global Net Lease by 4.2% in the third quarter. Cobblestone Asset Management LLC now owns 44,537 shares of the financial services provider’s stock valued at $375,000 after buying an additional 1,804 shares during the last quarter. 61.19% of the stock is owned by institutional investors and hedge funds.

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.