Quadrant Capital Group LLC Sells 7,271 Shares of Global Net Lease, Inc. (NYSE:GNL)

Quadrant Capital Group LLC cut its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 49.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,393 shares of the financial services provider’s stock after selling 7,271 shares during the period. Quadrant Capital Group LLC’s holdings in Global Net Lease were worth $54,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. US Bancorp DE raised its holdings in Global Net Lease by 363.2% during the 4th quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock valued at $44,000 after buying an additional 4,761 shares during the period. Creative Financial Designs Inc. ADV increased its position in Global Net Lease by 119.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 6,659 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 3,624 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in shares of Global Net Lease in the third quarter valued at $67,000. Allworth Financial LP lifted its holdings in shares of Global Net Lease by 157.6% in the 4th quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 6,310 shares during the last quarter. Finally, HB Wealth Management LLC purchased a new position in shares of Global Net Lease during the 4th quarter worth about $81,000. 61.19% of the stock is owned by institutional investors.

Insider Activity at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 1,629,073 shares in the company, valued at $12,951,130.35. This represents a 10.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GNL has been the topic of a number of recent analyst reports. Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. JMP Securities upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target on the stock in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Global Net Lease Trading Up 0.8 %

Shares of GNL opened at $6.99 on Friday. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -7.43 and a beta of 1.19. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. Global Net Lease, Inc. has a 1-year low of $6.51 and a 1-year high of $9.11. The company has a 50-day moving average of $7.59 and a 200 day moving average of $7.59.

Global Net Lease Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 10.88%. The ex-dividend date of this dividend is Friday, April 11th. Global Net Lease’s dividend payout ratio is presently -100.00%.

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.