Global Net Lease, Inc. (NYSE:GNL) Shares Sold by SVB Wealth LLC

SVB Wealth LLC trimmed its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 39.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,556 shares of the financial services provider’s stock after selling 17,147 shares during the quarter. SVB Wealth LLC’s holdings in Global Net Lease were worth $264,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Beaird Harris Wealth Management LLC acquired a new position in shares of Global Net Lease during the 3rd quarter worth approximately $26,000. Gradient Investments LLC raised its stake in shares of Global Net Lease by 98.9% during the 3rd quarter. Gradient Investments LLC now owns 2,942 shares of the financial services provider’s stock worth $28,000 after buying an additional 1,463 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Global Net Lease during the 3rd quarter worth approximately $31,000. Turtle Creek Wealth Advisors LLC acquired a new position in Global Net Lease in the 4th quarter valued at $31,000. Finally, Spire Wealth Management raised its stake in Global Net Lease by 221.9% in the 3rd quarter. Spire Wealth Management now owns 3,299 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 2,274 shares during the last quarter. 61.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on GNL. Truist Financial began coverage on Global Net Lease in a research note on Thursday, March 28th. They issued a “hold” rating and a $7.00 price objective for the company. BTIG Research downgraded Global Net Lease from a “buy” rating to a “neutral” rating in a research note on Friday, March 8th. JMP Securities reissued a “market perform” rating on shares of Global Net Lease in a research note on Thursday, April 18th. Finally, BMO Capital Markets began coverage on Global Net Lease in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $11.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Global Net Lease has an average rating of “Hold” and a consensus target price of $12.00.

Global Net Lease Stock Up 1.1 %

Shares of GNL opened at $6.83 on Tuesday. Global Net Lease, Inc. has a 52-week low of $6.52 and a 52-week high of $11.58. The company has a market capitalization of $1.57 billion, a PE ratio of -3.95, a price-to-earnings-growth ratio of 0.87 and a beta of 1.34. The stock has a fifty day simple moving average of $7.40 and a two-hundred day simple moving average of $8.33. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.66.

Global Net Lease Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, April 11th were paid a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, April 10th. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.10 dividend on an annualized basis and a dividend yield of 16.12%. Global Net Lease’s dividend payout ratio (DPR) is -63.58%.

Insiders Place Their Bets

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 20,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $9.00, for a total value of $180,000.00. Following the completion of the sale, the insider now directly owns 4,024,330 shares of the company’s stock, valued at approximately $36,218,970. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Nicholas S. Schorsch sold 20,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $9.00, for a total transaction of $180,000.00. Following the completion of the transaction, the insider now directly owns 4,024,330 shares in the company, valued at approximately $36,218,970. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Nicholas S. Schorsch sold 4,837 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $8.90, for a total value of $43,049.30. Following the transaction, the insider now owns 3,861,472 shares of the company’s stock, valued at $34,367,100.80. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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.