SG Americas Securities LLC Trims Stock Holdings in Global Net Lease, Inc. (NYSE:GNL)

SG Americas Securities LLC reduced its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 54.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,682 shares of the financial services provider’s stock after selling 13,833 shares during the period. SG Americas Securities LLC’s holdings in Global Net Lease were worth $86,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in Global Net Lease during the fourth quarter valued at approximately $7,848,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Global Net Lease by 5.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,991 shares of the financial services provider’s stock worth $716,000 after buying an additional 3,494 shares during the period. CWM LLC raised its holdings in Global Net Lease by 14.0% during the fourth quarter. CWM LLC now owns 20,542 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 2,520 shares during the period. Handelsbanken Fonder AB lifted its position in shares of Global Net Lease by 100.8% in the fourth quarter. Handelsbanken Fonder AB now owns 38,446 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 19,300 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake 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 worth $1,627,000 after acquiring an additional 1,215 shares during the period. 61.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. B. Riley decreased their target price on Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. BMO Capital Markets restated an “outperform” rating and set a $11.00 target price on shares of Global Net Lease in a research report on Friday, June 28th. StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. JMP Securities reissued a “market perform” rating on shares of Global Net Lease in a report on Wednesday, June 12th. Finally, Truist Financial lifted their target price on Global Net Lease from $8.00 to $8.50 and gave the stock a “hold” rating in a report on Wednesday, August 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $11.13.

Global Net Lease Stock Down 0.5 %

Shares of NYSE GNL opened at $8.65 on Wednesday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.70. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $11.58. The firm’s 50-day moving average price is $8.04 and its 200-day moving average price is $7.62. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -4.75, a P/E/G ratio of 1.11 and a beta of 1.37.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings data 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 company 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 37.46% and a negative return on equity of 10.08%. During the same period in the previous year, the business earned $0.40 earnings per share. On average, equities research analysts anticipate that Global Net Lease, Inc. will post 1.29 EPS for the current fiscal year.

Global Net Lease Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Thursday, July 11th were paid a $0.275 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.10 annualized dividend and a dividend yield of 12.72%. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s dividend payout ratio is currently -60.44%.

Insider Transactions at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch sold 100,000 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $7.02, for a total value of $702,000.00. Following the sale, the insider now directly owns 1,829,073 shares in the company, valued at $12,840,092.46. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, major shareholder Nicholas S. Schorsch sold 100,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was 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 approximately $12,840,092.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Nicholas S. Schorsch sold 200,000 shares of Global Net Lease stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 3,201,694 shares in the company, valued at approximately $22,924,129.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,043,070 shares of company stock worth $7,497,437. 0.31% of the stock is currently owned by insiders.

Global Net Lease Company 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.