Charles Schwab Investment Management Inc. Increases Holdings in Global Net Lease, Inc. (NYSE:GNL)

Charles Schwab Investment Management Inc. grew its holdings in Global Net Lease, Inc. (NYSE:GNL) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,058,850 shares of the financial services provider’s stock after acquiring an additional 166,247 shares during the period. Charles Schwab Investment Management Inc. owned about 1.76% of Global Net Lease worth $34,176,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in GNL. American Capital Advisory LLC purchased a new stake in shares of Global Net Lease in the third quarter worth approximately $34,000. Park Place Capital Corp purchased a new stake in shares of Global Net Lease in the third quarter worth approximately $35,000. GAMMA Investing LLC raised its holdings 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 buying an additional 1,897 shares during the period. Verus Capital Partners LLC bought a new position in Global Net Lease in the second quarter worth approximately $74,000. Finally, KBC Group NV grew its stake in Global Net Lease by 37.4% in the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 2,535 shares in the last quarter. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Global Net Lease

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 purchased at an average price of $8.40 per share, for a total transaction of $840,000.00. Following the completion of the purchase, the insider now owns 1,729,073 shares in the company, valued at approximately $14,524,213.20. This trade represents a 6.14 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. B. Riley dropped their price objective on 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 dropped their price objective on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Friday, November 29th. Finally, StockNews.com raised Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Global Net Lease has an average rating of “Hold” and a consensus target price of $9.67.

Global Net Lease Trading Down 1.5 %

GNL stock opened at $7.25 on Wednesday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $10.19. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -7.71, a PEG ratio of 0.97 and a beta of 1.34. The business’s 50-day moving average is $7.94 and its 200 day moving average is $8.01.

Global Net Lease (NYSE:GNL) last issued its earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.65). The company had revenue of $196.56 million for the quarter, compared to analyst estimates of $198.76 million. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. During the same quarter in the prior year, the firm earned $0.36 earnings per share. On average, sell-side analysts anticipate that Global Net Lease, Inc. will post 1.27 EPS 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. 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 15.17%. The ex-dividend date of this dividend was Friday, October 11th. Global Net Lease’s payout ratio is -117.02%.

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.