51,525 Shares in Global Net Lease, Inc. (NYSE:GNL) Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in shares of Global Net Lease, Inc. (NYSE:GNL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 51,525 shares of the financial services provider’s stock, valued at approximately $434,000.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Global Net Lease by 6.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 116,384 shares of the financial services provider’s stock worth $905,000 after acquiring an additional 7,152 shares during the last quarter. Cetera Advisors LLC boosted its stake in shares of Global Net Lease by 130.6% during the first quarter. Cetera Advisors LLC now owns 57,315 shares of the financial services provider’s stock valued at $445,000 after purchasing an additional 32,457 shares in the last quarter. Fiduciary Alliance LLC purchased a new position in Global Net Lease during the second quarter valued at approximately $229,000. CWM LLC raised its stake in Global Net Lease by 23.6% in the second quarter. CWM LLC now owns 23,183 shares of the financial services provider’s stock worth $170,000 after buying an additional 4,423 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Global Net Lease in the second quarter valued at about $292,000. 61.19% of the stock is owned by institutional investors.

Insider Transactions at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average price of $7.72 per share, for a total transaction of $772,000.00. Following the completion of the acquisition, the insider now owns 1,829,073 shares of the company’s stock, valued at approximately $14,120,443.56. This represents a 5.78 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

GNL has been the topic of several research analyst reports. Truist Financial dropped their target price on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Friday. StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, B. Riley dropped their target price on shares of Global Net Lease from $11.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 12th. 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, Global Net Lease currently has a consensus rating of “Hold” and an average target price of $9.67.

Global Net Lease Stock Down 0.7 %

Shares of NYSE:GNL opened at $7.36 on Tuesday. The firm has a 50 day simple moving average of $7.97 and a 200-day simple moving average of $8.01. Global Net Lease, Inc. has a twelve month low of $6.52 and a twelve month high of $10.19. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.70 billion, a PE ratio of -7.83, a P/E/G ratio of 0.97 and a beta of 1.38.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($0.33) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $198.76 million. During the same quarter last year, the business earned $0.36 EPS. On average, equities analysts predict that Global Net Lease, Inc. will post 1.27 EPS for the current fiscal year.

Global Net Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were paid a dividend of $0.275 per share. The ex-dividend date was Friday, October 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 14.95%. Global Net Lease’s dividend payout ratio (DPR) is -117.02%.

About Global Net Lease

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.