Dynamic Technology Lab Private Ltd Has $194,000 Stock Holdings in Global Net Lease, Inc. (NYSE:GNL)

Dynamic Technology Lab Private Ltd lowered its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 25.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,087 shares of the financial services provider’s stock after selling 7,916 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Global Net Lease were worth $194,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Bank of Montreal Can increased its stake in shares of Global Net Lease by 12,401.0% in the 2nd quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock valued at $22,986,000 after acquiring an additional 3,093,924 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Global Net Lease by 12.2% in the third quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock valued at $9,345,000 after purchasing an additional 120,610 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Global Net Lease during the third quarter valued at about $92,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Global Net Lease during the 2nd quarter worth about $292,000. Finally, Waterfall Asset Management LLC acquired a new stake in shares of Global Net Lease in the 2nd quarter valued at about $2,122,000. 61.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GNL shares. B. Riley cut their price target on Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 12th. StockNews.com raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Truist Financial decreased their price target on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Friday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Global Net Lease presently has an average rating of “Hold” and a consensus target price of $9.67.

Global Net Lease Stock Performance

Shares of Global Net Lease stock opened at $7.36 on Tuesday. The company has a market cap of $1.70 billion, a PE ratio of -7.83, a price-to-earnings-growth ratio of 0.97 and a beta of 1.38. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. Global Net Lease, Inc. has a 52 week low of $6.52 and a 52 week high of $10.19. The business has a 50 day moving average price of $7.97 and a 200-day moving average price of $8.01.

Global Net Lease (NYSE:GNL) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $198.76 million. During the same period in the previous year, the company posted $0.36 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 disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.10 annualized dividend and a yield of 14.95%. Global Net Lease’s dividend payout ratio (DPR) is -117.02%.

Insiders Place Their Bets

In other Global Net Lease news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was purchased at an average cost of $8.40 per share, with a total value of $840,000.00. Following the transaction, the insider now directly owns 1,729,073 shares in the company, valued at $14,524,213.20. This trade represents a 6.14 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

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.