MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Position in Global Net Lease, Inc. (NYSE:GNL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Global Net Lease, Inc. (NYSE:GNL) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,132,709 shares of the financial services provider’s stock after acquiring an additional 141,845 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Global Net Lease were worth $15,569,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GNL. Helix Partners Management LP purchased a new stake in shares of Global Net Lease in the fourth quarter valued at $24,455,000. JPMorgan Chase & Co. lifted its position in shares of Global Net Lease by 107.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,269,118 shares of the financial services provider’s stock valued at $9,265,000 after acquiring an additional 656,890 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Global Net Lease in the fourth quarter valued at $4,021,000. Northern Trust Corp lifted its position in shares of Global Net Lease by 26.3% in the fourth quarter. Northern Trust Corp now owns 2,612,357 shares of the financial services provider’s stock valued at $19,070,000 after acquiring an additional 544,719 shares in the last quarter. Finally, Crestline Management LP purchased a new stake in shares of Global Net Lease in the fourth quarter valued at $3,694,000. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Global Net Lease Stock Performance

NYSE GNL opened at $7.99 on Friday. The business’s 50-day moving average price is $7.66 and its 200 day moving average price is $7.47. Global Net Lease, Inc. has a twelve month low of $6.51 and a twelve month high of $9.11. The company has a market capitalization of $1.83 billion, a PE ratio of -8.50 and a beta of 1.22. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70.

Global Net Lease (NYSE:GNL) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The company had revenue of $132.42 million for the quarter, compared to the consensus estimate of $187.40 million. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. On average, research analysts predict that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Friday, April 11th were issued a $0.19 dividend. The ex-dividend date was Friday, April 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.51%. Global Net Lease’s dividend payout ratio (DPR) is -51.35%.

Insider Transactions at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total value of $1,590,000.00. Following the transaction, the insider now directly owns 1,629,073 shares in the company, valued at $12,951,130.35. This trade represents a 10.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley initiated coverage on Global Net Lease in a research report on Tuesday, April 22nd. They issued a “neutral” rating and a $8.00 price objective on the stock. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

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.