Barclays PLC Boosts Stock Position in Global Net Lease, Inc. (NYSE:GNL)

Barclays PLC lifted its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 312.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,701 shares of the financial services provider’s stock after buying an additional 257,310 shares during the quarter. Barclays PLC owned approximately 0.15% of Global Net Lease worth $2,859,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its position in Global Net Lease by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 98,300 shares of the financial services provider’s stock worth $723,000 after acquiring an additional 1,600 shares during the period. Bank of New York Mellon Corp raised its position in shares of Global Net Lease by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,607,268 shares of the financial services provider’s stock worth $11,813,000 after purchasing an additional 6,715 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Global Net Lease by 3.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 58,017 shares of the financial services provider’s stock valued at $426,000 after buying an additional 1,789 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Global Net Lease by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 77,654 shares of the financial services provider’s stock worth $571,000 after buying an additional 5,663 shares during the last quarter. Finally, TrueMark Investments LLC purchased a new stake in Global Net Lease during the 2nd quarter worth approximately $3,367,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Insider Transactions at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $7.72 per share, for a total transaction of $772,000.00. Following the acquisition, the insider now owns 1,829,073 shares in the company, valued at $14,120,443.56. This trade represents a 5.78 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

Global Net Lease Stock Performance

NYSE GNL opened at $7.26 on Wednesday. Global Net Lease, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $10.19. The firm has a market capitalization of $1.67 billion, a P/E ratio of -7.72, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34. The stock’s fifty day moving average is $7.56 and its two-hundred day moving average is $7.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06.

Global Net Lease (NYSE:GNL) last announced 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). Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The firm had revenue of $196.56 million for the quarter, compared to analyst estimates of $198.76 million. During the same period in the previous year, the firm posted $0.36 EPS. On average, research analysts anticipate that Global Net Lease, Inc. will post 1.27 earnings per share for the current year.

Global Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were issued a dividend of $0.275 per share. The ex-dividend date was Friday, October 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.15%. Global Net Lease’s dividend payout ratio is currently -117.02%.

Analyst Upgrades and Downgrades

GNL has been the topic of several research reports. Truist Financial decreased their target price on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Friday, November 29th. Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price for the company in a report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Global Net Lease presently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

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.