First Heartland Consultants Inc. Has $134,000 Holdings in Global Net Lease, Inc. (NYSE:GNL)

First Heartland Consultants Inc. lowered its position in Global Net Lease, Inc. (NYSE:GNL) by 9.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,165 shares of the financial services provider’s stock after selling 1,855 shares during the period. First Heartland Consultants Inc.’s holdings in Global Net Lease were worth $134,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. New York State Common Retirement Fund boosted its holdings in shares of Global Net Lease by 0.7% in the fourth quarter. New York State Common Retirement Fund now owns 163,541 shares of the financial services provider’s stock valued at $1,627,000 after purchasing an additional 1,215 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Global Net Lease by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 98,300 shares of the financial services provider’s stock valued at $723,000 after purchasing an additional 1,600 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Global Net Lease by 0.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 360,146 shares of the financial services provider’s stock valued at $3,583,000 after buying an additional 1,666 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in Global Net Lease by 1.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 170,328 shares of the financial services provider’s stock valued at $1,323,000 after buying an additional 1,689 shares in the last quarter. Finally, Capital Market Strategies LLC raised its holdings in shares of Global Net Lease by 14.6% during the second quarter. Capital Market Strategies LLC now owns 15,694 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 2,000 shares during the last quarter. 61.19% of the stock is owned by institutional investors.

Insider Transactions at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch sold 159,720 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $7.32, for a total value of $1,169,150.40. Following the completion of the transaction, the insider now directly owns 3,546,752 shares in the company, valued at approximately $25,962,224.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Nicholas S. Schorsch sold 433,350 shares of Global Net Lease stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $7.19, for a total value of $3,115,786.50. Following the transaction, the insider now directly owns 2,679,073 shares of the company’s stock, valued at $19,262,534.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Nicholas S. Schorsch sold 159,720 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $7.32, for a total transaction of $1,169,150.40. Following the sale, the insider now directly owns 3,546,752 shares in the company, valued at approximately $25,962,224.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,043,070 shares of company stock worth $7,497,437. 0.31% of the stock is currently owned by company insiders.

Global Net Lease Stock Up 1.3 %

GNL opened at $8.69 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.05 and a current ratio of 0.05. The company has a market capitalization of $2.00 billion, a PE ratio of -4.77, a P/E/G ratio of 1.11 and a beta of 1.37. Global Net Lease, Inc. has a one year low of $6.52 and a one year high of $11.58. The stock’s fifty day moving average is $8.01 and its 200-day moving average is $7.61.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.52). Global Net Lease had a negative return on equity of 10.08% and a negative net margin of 37.46%. The firm had revenue of $203.29 million during the quarter, compared to analyst estimates of $204.80 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. On average, equities analysts predict that Global Net Lease, Inc. will post 1.29 EPS for the current fiscal year.

Global Net Lease Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Thursday, July 11th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.10 dividend on an annualized basis and a yield of 12.66%. This is a boost from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s dividend payout ratio (DPR) is -60.44%.

Analyst Upgrades and Downgrades

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