Global Net Lease, Inc. (NYSE:GNL) Stock Position Lessened by Beck Capital Management LLC

Beck Capital Management LLC reduced its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 26.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 347,305 shares of the financial services provider’s stock after selling 123,063 shares during the quarter. Beck Capital Management LLC owned about 0.15% of Global Net Lease worth $2,553,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. lifted its position in Global Net Lease by 23.5% in the fourth quarter. Victory Capital Management Inc. now owns 38,960 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 7,406 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Global Net Lease by 3.5% in 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 period. Vanguard Personalized Indexing Management LLC bought a new position in Global Net Lease during the fourth quarter valued at about $199,000. Janney Montgomery Scott LLC acquired a new position in Global Net Lease during the fourth quarter worth about $953,000. Finally, Norges Bank acquired a new position in Global Net Lease during the fourth quarter worth about $9,378,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Analyst Upgrades and Downgrades

GNL has been the subject of several research reports. StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. JMP Securities restated a “market perform” rating on shares of Global Net Lease in a report on Wednesday, June 12th. Truist Financial upped their price target on Global Net Lease from $8.00 to $8.50 and gave the company a “hold” rating in a report on Wednesday, August 21st. B. Riley reduced their price objective on Global Net Lease from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $11.00 target price on shares of Global Net Lease in a research report on Friday, June 28th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.83.

Insider Activity

In related news, major shareholder Nicholas S. Schorsch sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $7.02, for a total transaction of $702,000.00. Following the completion of the sale, the insider now directly owns 1,829,073 shares in the company, valued at $12,840,092.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.31% of the stock is owned by corporate insiders.

Global Net Lease Stock Down 1.4 %

Shares of NYSE:GNL opened at $8.67 on Monday. The firm has a 50 day simple moving average of $8.53 and a 200 day simple moving average of $7.76. Global Net Lease, Inc. has a 52 week low of $6.52 and a 52 week high of $10.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.05 and a current ratio of 0.05. The company has a market cap of $2.00 billion, a PE ratio of -4.76, a price-to-earnings-growth ratio of 1.13 and a beta of 1.38.

Global Net Lease (NYSE:GNL) last released its earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.52). Global Net Lease had a negative net margin of 33.26% and a negative return on equity of 9.41%. The business had revenue of $203.29 million during the quarter, compared to analysts’ expectations of $204.80 million. During the same quarter in the previous year, the company earned $0.40 EPS. As a group, research analysts expect that Global Net Lease, Inc. will post 1.27 earnings per share for the current year.

Global Net Lease Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 12.69%. The ex-dividend date was Thursday, July 11th. This is a boost from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s payout ratio is -60.44%.

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.