Global Net Lease, Inc. (NYSE:GNL) Insider Nicholas S. Schorsch Sells 300,000 Shares

Global Net Lease, Inc. (NYSE:GNL) insider Nicholas S. Schorsch sold 300,000 shares of the business’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $7.33, for a total transaction of $2,199,000.00. Following the sale, the insider now owns 19,607,384 shares of the company’s stock, valued at $143,722,124.72. This trade represents a 1.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Global Net Lease Stock Performance

NYSE GNL opened at $7.37 on Friday. Global Net Lease, Inc. has a 1 year low of $6.51 and a 1 year high of $9.11. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of -7.84 and a beta of 1.22. The company has a fifty day moving average price of $7.60 and a 200-day moving average price of $7.49.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The company had revenue of $132.42 million for the quarter, compared to the consensus estimate of $187.40 million. Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. As a group, equities research analysts predict that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, April 11th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.31%. The ex-dividend date was Friday, April 11th. Global Net Lease’s dividend payout ratio (DPR) is currently -51.35%.

Analyst Upgrades and Downgrades

A number of analysts have commented on GNL shares. JMP Securities restated a “market outperform” rating and set a $9.00 price target on shares of Global Net Lease in a research note on Thursday. B. Riley started coverage on shares of Global Net Lease in a research note on Tuesday, April 22nd. They issued a “neutral” rating and a $8.00 target price for the company. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Hedge Funds Weigh In On Global Net Lease

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Global Net Lease by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,171,758 shares of the financial services provider’s stock worth $30,454,000 after buying an additional 112,908 shares during the last quarter. Invesco Ltd. lifted its holdings in Global Net Lease by 14.8% during the fourth quarter. Invesco Ltd. now owns 3,575,498 shares of the financial services provider’s stock valued at $26,101,000 after purchasing an additional 461,173 shares during the last quarter. Helix Partners Management LP purchased a new stake in Global Net Lease during the fourth quarter valued at about $24,455,000. Northern Trust Corp lifted its holdings in Global Net Lease by 26.3% during the fourth quarter. Northern Trust Corp now owns 2,612,357 shares of the financial services provider’s stock valued at $19,070,000 after purchasing an additional 544,719 shares during the last quarter. Finally, Conversant Capital LLC purchased a new stake in Global Net Lease during the first quarter valued at about $20,555,000. 61.19% of the stock is owned by hedge funds and other institutional investors.

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.