Quest Partners LLC Has $244,000 Holdings in Global Net Lease, Inc. (NYSE:GNL)

Quest Partners LLC raised its position in Global Net Lease, Inc. (NYSE:GNL) by 21,578.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 33,168 shares of the financial services provider’s stock after acquiring an additional 33,015 shares during the period. Quest Partners LLC’s holdings in Global Net Lease were worth $244,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in GNL. Russell Investments Group Ltd. grew its stake in Global Net Lease by 7,183.9% in the fourth quarter. Russell Investments Group Ltd. now owns 20,759 shares of the financial services provider’s stock valued at $207,000 after acquiring an additional 20,474 shares during the period. Victory Capital Management Inc. boosted its position in shares of Global Net Lease by 23.5% during the fourth quarter. Victory Capital Management Inc. now owns 38,960 shares of the financial services provider’s stock valued at $388,000 after buying an additional 7,406 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Global Net Lease by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,698,157 shares of the financial services provider’s stock valued at $36,797,000 after buying an additional 200,649 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of Global Net Lease during the fourth quarter valued at approximately $86,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Global Net Lease by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,724,873 shares of the financial services provider’s stock valued at $27,113,000 after buying an additional 92,391 shares during the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Stock Performance

Shares of GNL opened at $8.94 on Friday. The firm has a market cap of $2.06 billion, a PE ratio of -4.91, a PEG ratio of 1.13 and a beta of 1.38. The stock’s fifty day moving average price is $8.41 and its two-hundred day moving average price is $7.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.05 and a quick ratio of 0.05. Global Net Lease, Inc. has a 1 year low of $6.52 and a 1 year high of $11.42.

Global Net Lease (NYSE:GNL) last issued its earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.52). The firm had revenue of $203.29 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $0.40 earnings per share. On average, equities research analysts forecast that Global Net Lease, Inc. will post 1.27 EPS for the current year.

Global Net Lease Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Thursday, July 11th were paid a $0.275 dividend. The ex-dividend date was Thursday, July 11th. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.10 annualized dividend and a dividend yield of 12.30%. Global Net Lease’s payout ratio is presently -60.44%.

Insider Buying and Selling at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $7.16, for a total value of $1,432,000.00. Following the sale, the insider now directly owns 3,201,694 shares in the company, valued at $22,924,129.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $7.16, for a total transaction of $1,432,000.00. Following the sale, the insider now directly owns 3,201,694 shares in the company, valued at approximately $22,924,129.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Nicholas S. Schorsch sold 150,000 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $7.19, for a total value of $1,078,500.00. Following the sale, the insider now owns 2,079,073 shares in the company, valued at $14,948,534.87. The disclosure for this sale can be found here. Insiders have sold a total of 883,350 shares of company stock worth $6,328,287 over the last ninety days. 0.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. JMP Securities reaffirmed a “market perform” rating on shares of Global Net Lease in a research report on Wednesday, June 12th. Truist Financial lifted their target price on Global Net Lease from $8.00 to $8.50 and gave the company a “hold” rating in a research report on Wednesday, August 21st. BMO Capital Markets reissued an “outperform” rating and issued a $11.00 price objective on shares of Global Net Lease in a research report on Friday, June 28th. B. Riley cut their price objective on Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Finally, StockNews.com raised Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.13.

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.