Brookstone Capital Management Decreases Position in Global Net Lease, Inc. (NYSE:GNL)

Brookstone Capital Management decreased its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,732 shares of the financial services provider’s stock after selling 5,308 shares during the quarter. Brookstone Capital Management’s holdings in Global Net Lease were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Global Net Lease by 392.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock valued at $8,829,000 after acquiring an additional 835,830 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Global Net Lease by 12,401.0% during the second quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock valued at $22,986,000 after buying an additional 3,093,924 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Global Net Lease by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock valued at $34,176,000 after buying an additional 166,247 shares during the last quarter. Geode Capital Management LLC increased its holdings in Global Net Lease by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider’s stock worth $42,897,000 after buying an additional 95,769 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in Global Net Lease by 12.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock worth $9,345,000 after buying an additional 120,610 shares during the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Performance

GNL opened at $7.24 on Monday. The company’s 50 day moving average is $7.28 and its 200 day moving average is $7.97. 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 cap of $1.67 billion, a price-to-earnings ratio of -7.70, a PEG ratio of 0.96 and a beta of 1.34. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $9.10.

Global Net Lease (NYSE:GNL) last issued its quarterly 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 business had revenue of $196.56 million for the quarter, compared to analysts’ expectations 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 business earned $0.36 EPS. On average, equities research analysts predict that Global Net Lease, Inc. will post 1.27 EPS for the current year.

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 15.20%. The ex-dividend date was Monday, January 13th. Global Net Lease’s dividend payout ratio is presently -117.02%.

Wall Street Analyst Weigh In

GNL has been the topic of a number of recent analyst reports. Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. JMP Securities upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a report on Tuesday, December 17th. Finally, Truist Financial decreased their target price 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, November 29th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Insiders Place Their Bets

In other news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the stock in a transaction on Monday, November 11th. The shares were acquired at an average price of $7.72 per share, with a total value of $772,000.00. Following the completion of the acquisition, the insider now directly owns 1,829,073 shares of the company’s stock, valued at $14,120,443.56. This trade represents a 5.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.31% of the company’s stock.

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.