GAMMA Investing LLC Acquires 1,897 Shares of Global Net Lease, Inc. (NYSE:GNL)

GAMMA Investing LLC raised its holdings in Global Net Lease, Inc. (NYSE:GNL) by 60.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,054 shares of the financial services provider’s stock after buying an additional 1,897 shares during the quarter. GAMMA Investing LLC’s holdings in Global Net Lease were worth $43,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Global Net Lease by 25.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,236,299 shares of the financial services provider’s stock worth $17,376,000 after acquiring an additional 460,717 shares during the last quarter. Vanguard Group Inc. grew its position in Global Net Lease by 10.3% in the 4th quarter. Vanguard Group Inc. now owns 33,932,387 shares of the financial services provider’s stock worth $337,627,000 after purchasing an additional 3,162,310 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Global Net Lease by 17.9% during the 1st quarter. Sound Income Strategies LLC now owns 1,022,526 shares of the financial services provider’s stock worth $7,945,000 after purchasing an additional 155,377 shares during the period. Edgestream Partners L.P. bought a new position in shares of Global Net Lease during the 1st quarter worth about $3,798,000. Finally, Illinois Municipal Retirement Fund raised its position in shares of Global Net Lease by 5.5% during the first quarter. Illinois Municipal Retirement Fund now owns 113,714 shares of the financial services provider’s stock valued at $884,000 after buying an additional 5,970 shares during the last quarter. 61.19% of the stock is owned by institutional investors.

Global Net Lease Trading Down 2.3 %

GNL stock opened at $8.39 on Friday. Global Net Lease, Inc. has a 1-year low of $6.52 and a 1-year high of $10.19. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $8.51 and its 200-day moving average is $7.87. The firm has a market cap of $1.93 billion, a P/E ratio of -4.61, a P/E/G ratio of 1.12 and a beta of 1.37.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.52). The company had revenue of $203.29 million during the quarter, compared to the consensus estimate of $204.80 million. Global Net Lease had a negative net margin of 33.26% and a negative return on equity of 9.41%. During the same quarter last year, the company earned $0.40 earnings per share. Equities analysts anticipate that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The company 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. This represents a $1.10 dividend on an annualized basis and a dividend yield of 13.11%. The ex-dividend date of this dividend was Friday, October 11th. Global Net Lease’s dividend payout ratio (DPR) is currently -60.44%.

Analyst Ratings Changes

A number of research firms recently weighed in on GNL. 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 research report on Monday, August 12th. Truist Financial boosted their price objective on Global Net Lease from $8.00 to $8.50 and gave the company a “hold” rating in a research report on Wednesday, August 21st. StockNews.com raised Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $11.00 price target on shares of Global Net Lease in a report on Friday, June 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.83.

Insider Activity at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were purchased at an average cost of $8.40 per share, with a total value of $840,000.00. Following the completion of the purchase, the insider now owns 1,729,073 shares of the company’s stock, valued at $14,524,213.20. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by insiders.

Global Net Lease 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.