Global Net Lease, Inc. (NYSE:GNL) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,890 shares of the financial services provider’s stock after selling 1,461 shares during the period. BNP Paribas Financial Markets’ holdings in Global Net Lease were worth $807,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Capital Advisory LLC bought a new stake in Global Net Lease in the third quarter worth about $34,000. Park Place Capital Corp acquired a new position in shares of Global Net Lease in the 3rd quarter worth approximately $35,000. GAMMA Investing LLC raised its holdings in shares of Global Net Lease by 60.1% in the 3rd quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,897 shares in the last quarter. KBC Group NV lifted its stake in Global Net Lease by 37.4% during the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 2,535 shares during the last quarter. Finally, Verus Capital Partners LLC bought a new stake in Global Net Lease during the second quarter worth approximately $74,000. 61.19% of the stock is currently owned by institutional investors.

Insider Activity at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the stock in a transaction on Monday, November 11th. The shares were purchased at an average price of $7.72 per share, for a total transaction of $772,000.00. Following the completion of the purchase, the insider now directly owns 1,829,073 shares of the company’s stock, valued at $14,120,443.56. This trade represents a 5.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their price target on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 29th. 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.67.

Global Net Lease Stock Performance

Global Net Lease stock opened at $7.11 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The company has a market cap of $1.64 billion, a P/E ratio of -7.56, a price-to-earnings-growth ratio of 0.94 and a beta of 1.34. Global Net Lease, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $10.19. The firm’s 50 day simple moving average is $7.78 and its 200-day simple moving average is $7.98.

Global Net Lease (NYSE:GNL) last issued its earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.65). The business had revenue of $196.56 million during the quarter, compared to analyst estimates of $198.76 million. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. During the same period last year, the business earned $0.36 EPS. As a group, equities research analysts predict that Global Net Lease, Inc. will post 1.27 EPS for the current year.

Global Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Friday, October 11th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 15.47%. The ex-dividend date of this dividend was Friday, October 11th. Global Net Lease’s dividend payout ratio is currently -117.02%.

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.