Insider Buying: Global Net Lease, Inc. (NYSE:GNL) Major Shareholder Purchases 100,000 Shares of Stock

Global Net Lease, Inc. (NYSE:GNL) major shareholder Nicholas S. Schorsch purchased 100,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average price 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 in the company, valued at approximately $14,120,443.56. The trade was a 5.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Global Net Lease Price Performance

NYSE:GNL opened at $7.28 on Friday. The business’s 50-day simple moving average is $8.27 and its two-hundred day simple moving average is $7.99. Global Net Lease, Inc. has a 52 week low of $6.52 and a 52 week high of $10.19. The stock has a market cap of $1.68 billion, a PE ratio of -7.74, a P/E/G ratio of 0.98 and a beta of 1.38. 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 issued its earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) 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 business had revenue of $196.56 million for the quarter, compared to the consensus estimate of $198.76 million. During the same period last year, the business posted $0.36 EPS. As a group, analysts forecast that Global Net Lease, Inc. will post 1.27 EPS for the current fiscal year.

Global Net Lease Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Friday, October 11th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.12%. Global Net Lease’s dividend payout ratio is -117.02%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. B. Riley decreased their target price on Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Truist Financial raised their price objective on Global Net Lease from $8.00 to $8.50 and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Finally, StockNews.com upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.83.

Institutional Trading of Global Net Lease

A number of institutional investors and hedge funds have recently bought and sold shares of GNL. American Capital Advisory LLC bought a new position in shares of Global Net Lease during the 3rd quarter valued at about $34,000. Park Place Capital Corp bought a new position in Global Net Lease during the third quarter valued at approximately $35,000. GAMMA Investing LLC grew its holdings in Global Net Lease by 60.1% during the 3rd quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock valued at $43,000 after buying an additional 1,897 shares in the last quarter. Verus Capital Partners LLC bought a new stake in Global Net Lease in the 2nd quarter worth approximately $74,000. Finally, KBC Group NV increased its stake in Global Net Lease by 37.4% in the 3rd quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 2,535 shares during the last quarter. 61.19% of the stock is currently owned by institutional investors.

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.