Global Net Lease, Inc. (NYSE:GNL) Shares Purchased by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. raised its stake in Global Net Lease, Inc. (NYSE:GNL) by 53.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,733 shares of the financial services provider’s stock after buying an additional 5,808 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Global Net Lease were worth $141,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Edgestream Partners L.P. acquired a new position in shares of Global Net Lease in the first quarter worth about $3,798,000. Illinois Municipal Retirement Fund boosted its stake in Global Net Lease by 5.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 113,714 shares of the financial services provider’s stock worth $884,000 after purchasing an additional 5,970 shares during the period. Advisors Asset Management Inc. grew its position in Global Net Lease by 73.5% during the 1st quarter. Advisors Asset Management Inc. now owns 698,844 shares of the financial services provider’s stock worth $5,430,000 after purchasing an additional 296,124 shares in the last quarter. Bank of Montreal Can raised its stake in Global Net Lease by 12,401.0% during the 2nd quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock valued at $22,986,000 after purchasing an additional 3,093,924 shares during the period. Finally, Atomi Financial Group Inc. purchased a new stake in shares of Global Net Lease in the first quarter valued at $81,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Analyst Upgrades and Downgrades

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

Global Net Lease Price Performance

Shares of NYSE:GNL opened at $7.76 on Wednesday. The business has a fifty day simple moving average of $8.43 and a 200 day simple moving average of $7.97. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.72. Global Net Lease, Inc. has a 1 year low of $6.52 and a 1 year high of $10.19. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of -4.51, a P/E/G ratio of 1.00 and a beta of 1.38.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.52). The firm had revenue of $203.29 million during the quarter, compared to the consensus estimate of $204.80 million. Global Net Lease had a negative net margin of 33.26% and a negative return on equity of 9.41%. During the same period in the previous year, the firm posted $0.40 EPS. As a group, sell-side analysts predict that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 14.18%. The ex-dividend date of this dividend was Friday, October 11th. Global Net Lease’s dividend payout ratio is -63.95%.

Insider Transactions at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were acquired at an average cost of $8.40 per share, with a total value of $840,000.00. Following the purchase, the insider now owns 1,729,073 shares of the company’s stock, valued at approximately $14,524,213.20. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by company insiders.

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.