Global Net Lease, Inc. (NYSE:GNL) Stock Position Reduced by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC cut its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 40.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,720 shares of the financial services provider’s stock after selling 27,814 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Global Net Lease were worth $297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. ProShare Advisors LLC grew its position in Global Net Lease by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 60,460 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 18,626 shares in the last quarter. Quantinno Capital Management LP grew its position in Global Net Lease by 100.4% during the fourth quarter. Quantinno Capital Management LP now owns 26,586 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 13,319 shares in the last quarter. Nuveen Asset Management LLC grew its position in Global Net Lease by 1.2% during the fourth quarter. Nuveen Asset Management LLC now owns 565,627 shares of the financial services provider’s stock valued at $4,129,000 after purchasing an additional 6,450 shares in the last quarter. Millennium Management LLC grew its position in Global Net Lease by 175.7% during the fourth quarter. Millennium Management LLC now owns 788,516 shares of the financial services provider’s stock valued at $5,756,000 after purchasing an additional 502,469 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Global Net Lease by 7.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,132,709 shares of the financial services provider’s stock valued at $15,569,000 after purchasing an additional 141,845 shares in the last quarter. 61.19% of the stock is owned by hedge funds and other institutional investors.

Global Net Lease Stock Performance

GNL stock opened at $8.00 on Monday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of -8.51 and a beta of 1.22. Global Net Lease, Inc. has a 12 month low of $6.51 and a 12 month high of $9.11. The firm has a 50 day moving average of $7.66 and a two-hundred day moving average of $7.47.

Global Net Lease (NYSE:GNL) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. The company had revenue of $132.42 million during the quarter, compared to the consensus estimate of $187.40 million. Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. As a group, equities analysts anticipate that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, April 11th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 9.51%. The ex-dividend date was Friday, April 11th. Global Net Lease’s dividend payout ratio is -51.35%.

Analyst Ratings Changes

Separately, B. Riley started coverage on shares of Global Net Lease in a research report on Tuesday, April 22nd. They set a “neutral” rating and a $8.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Global Net Lease presently has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Insiders Place Their Bets

In related news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the company’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $7.95, for a total transaction of $1,590,000.00. Following the completion of the sale, the insider now directly owns 1,629,073 shares of the company’s stock, valued at approximately $12,951,130.35. This represents a 10.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.37% of the company’s stock.

Global Net Lease 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.