Global Assets Advisory LLC Acquires New Stake in Global Net Lease, Inc. $GNL

Global Assets Advisory LLC acquired a new position in shares of Global Net Lease, Inc. (NYSE:GNL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 24,382 shares of the financial services provider’s stock, valued at approximately $186,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GNL. Arlington Trust Co LLC acquired a new stake in shares of Global Net Lease in the 2nd quarter valued at approximately $32,000. GAMMA Investing LLC raised its position in Global Net Lease by 100.6% in the second quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 2,752 shares in the last quarter. Lee Johnson Capital Management LLC acquired a new stake in Global Net Lease in the second quarter valued at $83,000. Atlas Private Wealth Advisors purchased a new stake in shares of Global Net Lease during the 1st quarter worth $85,000. Finally, Callan Family Office LLC acquired a new position in shares of Global Net Lease during the 1st quarter worth $85,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Trading Down 1.5%

Shares of GNL opened at $8.07 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.13 and a quick ratio of 0.13. Global Net Lease, Inc. has a 1-year low of $6.51 and a 1-year high of $8.71. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of -5.60 and a beta of 1.20. The firm has a 50 day simple moving average of $7.79 and a 200-day simple moving average of $7.63.

Global Net Lease (NYSE:GNL) last posted its earnings results on Wednesday, August 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $124.91 million for the quarter, compared to analyst estimates of $138.38 million. Global Net Lease had a negative return on equity of 9.71% and a negative net margin of 43.75%. Equities analysts forecast that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Monday, October 13th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date is Friday, October 10th. Global Net Lease’s dividend payout ratio (DPR) is currently -52.78%.

Wall Street Analyst Weigh In

GNL has been the subject of several recent analyst reports. KeyCorp upgraded shares of Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price objective for the company in a research note on Tuesday, August 19th. Colliers Securities upgraded shares of Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Thursday, August 7th. JMP Securities reissued a “market outperform” rating and set a $9.00 price target on shares of Global Net Lease in a research note on Thursday, June 12th. Finally, Wall Street Zen raised Global Net Lease from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.20.

Insiders Place Their Bets

In other Global Net Lease news, CEO Edward M. Jr. Weil sold 150,000 shares of the company’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $7.61, for a total value of $1,141,500.00. Following the transaction, the chief executive officer directly owned 584,053 shares in the company, valued at approximately $4,444,643.33. This represents a 20.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.37% of the company’s stock.

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.