Penserra Capital Management LLC Buys 24,490 Shares of Global Net Lease, Inc. (NYSE:GNL)

Penserra Capital Management LLC increased its stake in Global Net Lease, Inc. (NYSE:GNL) by 22.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,556 shares of the financial services provider’s stock after buying an additional 24,490 shares during the quarter. Penserra Capital Management LLC owned about 0.06% of Global Net Lease worth $1,107,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GNL. CANADA LIFE ASSURANCE Co boosted its stake in shares of Global Net Lease by 3.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 396,844 shares of the financial services provider’s stock worth $3,080,000 after purchasing an additional 14,127 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Global Net Lease by 6.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 116,384 shares of the financial services provider’s stock valued at $905,000 after buying an additional 7,152 shares during the period. SVB Wealth LLC grew its stake in shares of Global Net Lease by 15.9% during the first quarter. SVB Wealth LLC now owns 30,774 shares of the financial services provider’s stock valued at $239,000 after buying an additional 4,218 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in shares of Global Net Lease in the first quarter worth approximately $210,000. Finally, EMC Capital Management lifted its stake in shares of Global Net Lease by 57.9% during the 1st quarter. EMC Capital Management now owns 34,840 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 12,779 shares during the last quarter. 61.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on GNL. B. Riley cut their price objective on Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Truist Financial upped their price target on shares of Global Net Lease from $8.00 to $8.50 and gave the stock a “hold” rating in a report on Wednesday, August 21st. Finally, StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.83.

Global Net Lease Trading Up 0.1 %

Shares of NYSE GNL opened at $7.57 on Wednesday. Global Net Lease, Inc. has a twelve month low of $6.52 and a twelve month high of $10.19. The firm has a market cap of $1.75 billion, a PE ratio of -8.05, a price-to-earnings-growth ratio of 0.97 and a beta of 1.38. The business has a fifty day simple moving average of $8.10 and a two-hundred day simple moving average of $8.01. The company has a quick ratio of 0.06, a current 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, November 6th. The financial services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.65). Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The firm had revenue of $196.56 million during the quarter, compared to the consensus estimate of $198.76 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Analysts expect that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were given a $0.275 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.10 annualized dividend and a dividend yield of 14.53%. Global Net Lease’s payout ratio is presently -117.02%.

Insider Activity

In related news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average cost of $7.72 per share, for a total transaction of $772,000.00. Following the purchase, the insider now directly owns 1,829,073 shares of the company’s stock, valued at $14,120,443.56. This trade represents a 5.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.31% 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. 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.