Capital Market Strategies LLC Trims Stake in Global Net Lease, Inc. (NYSE:GNL)

Capital Market Strategies LLC decreased its position in Global Net Lease, Inc. (NYSE:GNL) by 25.6% in the fourth quarter, Holdings Channel reports. The firm owned 11,684 shares of the financial services provider’s stock after selling 4,010 shares during the period. Capital Market Strategies LLC’s holdings in Global Net Lease were worth $85,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in GNL. American Capital Advisory LLC acquired a new stake in shares of Global Net Lease in the 3rd quarter worth $34,000. Park Place Capital Corp purchased a new position in Global Net Lease in the third quarter valued at $35,000. GAMMA Investing LLC raised its position in shares of Global Net Lease by 60.1% in the third 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 during the last quarter. McIlrath & Eck LLC purchased a new stake in shares of Global Net Lease in the third quarter valued at about $67,000. Finally, KBC Group NV grew its stake in Global Net Lease by 37.4% during the 3rd quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 2,535 shares in the last quarter. 61.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GNL. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a 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 target price for the company in a report on Tuesday, December 17th. Finally, Truist Financial dropped their price target on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Friday, November 29th. Three equities research 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. According to MarketBeat, Global Net Lease has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Insider Activity at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $7.72 per share, with a total value of $772,000.00. Following the completion of the purchase, the insider now owns 1,829,073 shares in the company, valued at $14,120,443.56. This trade represents a 5.78 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is owned by corporate insiders.

Global Net Lease Trading Up 0.4 %

GNL traded up $0.03 during midday trading on Monday, hitting $7.55. 574,137 shares of the company were exchanged, compared to its average volume of 1,409,751. Global Net Lease, Inc. has a 1-year low of $6.52 and a 1-year high of $10.06. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The firm’s 50 day moving average price is $7.41 and its 200-day moving average price is $7.97. The firm has a market capitalization of $1.74 billion, a P/E ratio of -8.03, a P/E/G ratio of 0.95 and a beta of 1.34.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $196.56 million for the quarter, compared to analysts’ expectations of $198.76 million. During the same period in the previous year, the firm posted $0.36 earnings per share. As a group, equities analysts forecast that Global Net Lease, Inc. will post 1.27 EPS for the current fiscal year.

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, January 13th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, January 13th. This represents a $1.10 annualized dividend and a dividend yield of 14.57%. Global Net Lease’s dividend payout ratio is presently -117.02%.

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.