Zurcher Kantonalbank Zurich Cantonalbank Has $848,000 Stock Holdings in Global Net Lease, Inc. (NYSE:GNL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 5.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,483 shares of the financial services provider’s stock after purchasing an additional 5,509 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Global Net Lease were worth $848,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. CoreCap Advisors LLC acquired a new position in Global Net Lease in the fourth quarter worth approximately $25,000. Ameriflex Group Inc. bought a new stake in Global Net Lease in the fourth quarter worth approximately $25,000. GF Fund Management CO. LTD. acquired a new position in shares of Global Net Lease during the 4th quarter worth $26,000. Coldstream Capital Management Inc. bought a new position in shares of Global Net Lease during the 4th quarter valued at $73,000. Finally, Atlas Private Wealth Advisors bought a new position in shares of Global Net Lease during the 1st quarter valued at $85,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JMP Securities reiterated a “market outperform” rating and issued a $9.00 price objective on shares of Global Net Lease in a report on Thursday, June 12th. B. Riley started coverage on Global Net Lease in a research note on Tuesday, April 22nd. They set a “neutral” rating and a $8.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.33.

Insider Activity

In other news, CEO Edward M. Jr. Weil sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $7.61, for a total transaction of $1,141,500.00. Following the completion of the transaction, the chief executive officer directly owned 584,053 shares in the company, valued at $4,444,643.33. The trade was a 20.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas S. Schorsch sold 7,103,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $7.43, for a total value of $52,775,290.00. Following the completion of the sale, the insider directly owned 19,907,384 shares of the company’s stock, valued at $147,911,863.12. This represents a 26.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,653,000 shares of company stock valued at $56,914,790 in the last three months. 0.37% of the stock is owned by insiders.

Global Net Lease Price Performance

Shares of Global Net Lease stock opened at $6.87 on Wednesday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.76. The firm has a fifty day simple moving average of $7.42 and a 200-day simple moving average of $7.51. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -4.64 and a beta of 1.20. Global Net Lease, Inc. has a 1-year low of $6.51 and a 1-year high of $9.10.

Global Net Lease (NYSE:GNL) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. Global Net Lease had a negative net margin of 40.64% and a negative return on equity of 9.23%. The firm had revenue of $132.42 million for the quarter, compared to the consensus estimate of $187.40 million. On average, sell-side analysts expect that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Investors of record on Friday, July 11th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend was Friday, July 11th. Global Net Lease’s payout ratio is currently -51.35%.

Global Net Lease 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.