Cwm LLC Sells 1,396 Shares of Global Net Lease, Inc. (NYSE:GNL)

Cwm LLC reduced its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 6.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,787 shares of the financial services provider’s stock after selling 1,396 shares during the quarter. Cwm LLC’s holdings in Global Net Lease were worth $183,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Park Place Capital Corp purchased a new position in shares of Global Net Lease in the 3rd quarter valued at approximately $35,000. GAMMA Investing LLC raised its stake 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 worth $43,000 after purchasing an additional 1,897 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Global Net Lease by 44.9% during the third quarter. Handelsbanken Fonder AB now owns 86,146 shares of the financial services provider’s stock worth $725,000 after purchasing an additional 26,700 shares during the period. SG Americas Securities LLC boosted its position in Global Net Lease by 378.1% in the third quarter. SG Americas Securities LLC now owns 55,848 shares of the financial services provider’s stock valued at $470,000 after buying an additional 44,166 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new position in Global Net Lease during the 2nd quarter worth approximately $128,000. 61.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GNL. B. Riley cut their price objective on shares of Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a research note 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 report on Wednesday, August 21st. StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, BMO Capital Markets restated an “outperform” rating and set a $11.00 target price on shares of Global Net Lease in a research report on Friday, June 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9.83.

Insiders Place Their Bets

In other news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was bought at an average cost of $8.40 per share, for a total transaction of $840,000.00. Following the acquisition, the insider now directly owns 1,729,073 shares of the company’s stock, valued at $14,524,213.20. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.31% of the stock is owned by insiders.

Global Net Lease Trading Up 0.1 %

Shares of GNL opened at $8.11 on Thursday. 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 $1.87 billion, a PE ratio of -4.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.72. The firm’s fifty day moving average is $8.52 and its two-hundred day moving average is $7.90.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.52). The firm had revenue of $203.29 million during the quarter, compared to analysts’ expectations 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 period last year, the company earned $0.40 EPS. Research analysts forecast that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 13.57%. The ex-dividend date was Friday, October 11th. Global Net Lease’s payout ratio is -60.44%.

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.