Signaturefd LLC Raises Position in Global Net Lease, Inc. (NYSE:GNL)

Signaturefd LLC grew its position in Global Net Lease, Inc. (NYSE:GNL) by 18.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,726 shares of the financial services provider’s stock after acquiring an additional 2,316 shares during the period. Signaturefd LLC’s holdings in Global Net Lease were worth $124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GNL. Park Place Capital Corp purchased a new stake in shares of Global Net Lease in the third quarter valued at about $35,000. GAMMA Investing LLC lifted 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 valued at $43,000 after purchasing an additional 1,897 shares during the period. Verus Capital Partners LLC acquired a new stake in shares of Global Net Lease in the second quarter valued at about $74,000. Atomi Financial Group Inc. acquired a new stake in shares of Global Net Lease in the first quarter valued at about $81,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of Global Net Lease by 10.3% in the second quarter. Sunbelt Securities Inc. now owns 14,449 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 1,351 shares during the period. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Insider Activity

In other news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was acquired at an average price of $8.40 per share, with a total value of $840,000.00. Following the completion of the transaction, the insider now directly owns 1,729,073 shares in the company, valued at approximately $14,524,213.20. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on GNL. StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Truist Financial raised their price objective on shares of Global Net Lease from $8.00 to $8.50 and gave the company a “hold” rating in a research note on Wednesday, August 21st. Finally, B. Riley reduced 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. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.83.

Global Net Lease Stock Performance

Shares of GNL opened at $7.99 on Tuesday. 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 stock has a market cap of $1.84 billion, a P/E ratio of -4.39, a PEG ratio of 1.06 and a beta of 1.37. The company has a 50-day moving average of $8.51 and a two-hundred day moving average of $7.92. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $10.19.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings data 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 firm had revenue of $203.29 million during the quarter, compared to analyst estimates 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 in the prior year, the firm earned $0.40 EPS. As a group, research analysts predict that Global Net Lease, Inc. will post 1.27 EPS for the current fiscal year.

Global Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 13.78%. The ex-dividend date of this dividend was Friday, October 11th. Global Net Lease’s dividend payout ratio is presently -60.44%.

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.