Capital Market Strategies LLC Reduces Holdings in Global Net Lease, Inc. (NYSE:GNL)

Capital Market Strategies LLC reduced its stake in Global Net Lease, Inc. (NYSE:GNL) by 25.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,684 shares of the financial services provider’s stock after selling 4,010 shares during the period. Capital Market Strategies LLC’s holdings in Global Net Lease were worth $85,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GNL. Bank of Montreal Can grew its holdings in Global Net Lease by 12,401.0% in the 2nd quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock worth $22,986,000 after acquiring an additional 3,093,924 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Global Net Lease by 392.8% during the 3rd 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 valued at $8,829,000 after purchasing an additional 835,830 shares during the last quarter. Waterfall Asset Management LLC purchased a new position in shares of Global Net Lease during the second quarter valued at approximately $2,122,000. Edgestream Partners L.P. raised its holdings in shares of Global Net Lease by 58.1% during the second quarter. Edgestream Partners L.P. now owns 772,479 shares of the financial services provider’s stock valued at $5,678,000 after acquiring an additional 283,739 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in Global Net Lease by 52.8% in the third quarter. Citigroup Inc. now owns 771,371 shares of the financial services provider’s stock valued at $6,495,000 after acquiring an additional 266,647 shares in the last quarter. Institutional investors own 61.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JMP Securities upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a report on Tuesday, December 17th. Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Truist Financial lowered their price objective on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a report on Friday, November 29th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Insider Buying and Selling

In related news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were purchased at an average price of $7.72 per share, with a total value of $772,000.00. Following the acquisition, the insider now directly owns 1,829,073 shares in the company, valued at $14,120,443.56. The trade was a 5.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is owned by company insiders.

Global Net Lease Stock Up 0.4 %

NYSE GNL traded up $0.03 during trading hours on Monday, reaching $7.55. 574,137 shares of the company’s stock traded hands, compared to its average volume of 1,409,751. Global Net Lease, Inc. has a 52-week low of $6.52 and a 52-week high of $10.06. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a 50-day simple moving average of $7.41 and a 200 day simple moving average of $7.97. The firm has a market cap of $1.74 billion, a PE ratio of -8.03, a PEG ratio of 0.95 and a beta of 1.34.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings data 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 net margin of 21.37% and a negative return on equity of 7.04%. During the same quarter in the previous year, the firm posted $0.36 EPS. Sell-side analysts anticipate that Global Net Lease, Inc. will post 1.27 EPS for the current fiscal year.

Global Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, January 13th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 14.57%. The ex-dividend date of this dividend is Monday, January 13th. Global Net Lease’s dividend payout ratio (DPR) is currently -117.02%.

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.