Arete Wealth Advisors LLC Has $2.36 Million Stock Position in Global Net Lease, Inc. (NYSE:GNL)

Arete Wealth Advisors LLC trimmed its position in Global Net Lease, Inc. (NYSE:GNL) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 280,287 shares of the financial services provider’s stock after selling 4,132 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Global Net Lease were worth $2,360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GNL. American Capital Advisory LLC acquired a new position in Global Net Lease during the 3rd quarter valued at $34,000. Park Place Capital Corp acquired a new position in Global Net Lease during the 3rd quarter valued at $35,000. GAMMA Investing LLC raised its stake 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 purchasing an additional 1,897 shares during the last quarter. KBC Group NV raised its stake in shares of 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 valued at $78,000 after buying an additional 2,535 shares in the last quarter. Finally, Verus Capital Partners LLC acquired a new position in shares of Global Net Lease in the 2nd quarter valued at $74,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were purchased at an average price of $7.72 per share, with a total value of $772,000.00. Following the acquisition, the insider now directly owns 1,829,073 shares in the company, valued at $14,120,443.56. The trade was a 5.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.31% of the company’s stock.

Global Net Lease Stock Down 1.1 %

GNL opened at $7.44 on Friday. The firm’s 50-day simple moving average is $8.00 and its 200-day simple moving average is $8.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. 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 $1.71 billion, a price-to-earnings ratio of -7.91, a PEG ratio of 0.99 and a beta of 1.38.

Global Net Lease (NYSE:GNL) last posted its earnings results 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 return on equity of 7.04% and a negative net margin of 21.37%. The firm had revenue of $196.56 million during the quarter, compared to the consensus estimate of $198.76 million. During the same period in the previous year, the company posted $0.36 EPS. Equities research analysts anticipate that Global Net Lease, Inc. will post 1.27 EPS for the current fiscal year.

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 14.79%. The ex-dividend date was Friday, October 11th. Global Net Lease’s dividend payout ratio is currently -117.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. B. Riley dropped their price objective on shares of Global Net Lease from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Finally, Truist Financial dropped their price objective on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Global Net Lease presently has a consensus rating of “Hold” and a consensus target price of $9.67.

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.