Deutsche Bank AG Has $2.72 Million Stock Holdings in Global Net Lease, Inc. $GNL

Deutsche Bank AG lessened its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 12.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 337,886 shares of the financial services provider’s stock after selling 46,729 shares during the quarter. Deutsche Bank AG owned about 0.15% of Global Net Lease worth $2,717,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Blue Sky Capital Consultants Group Inc. lifted its stake in shares of Global Net Lease by 33.4% during the 1st quarter. Blue Sky Capital Consultants Group Inc. now owns 303,097 shares of the financial services provider’s stock worth $2,437,000 after buying an additional 75,807 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Global Net Lease by 16.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 28,677 shares of the financial services provider’s stock worth $231,000 after buying an additional 3,955 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Global Net Lease during the 1st quarter worth about $93,000. Harbour Investments Inc. lifted its stake in shares of Global Net Lease by 4.4% during the 1st quarter. Harbour Investments Inc. now owns 40,616 shares of the financial services provider’s stock worth $327,000 after buying an additional 1,723 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its stake in Global Net Lease by 4.9% in the 1st quarter. Arkadios Wealth Advisors now owns 62,863 shares of the financial services provider’s stock worth $505,000 after purchasing an additional 2,918 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Price Performance

GNL stock opened at $7.7650 on Wednesday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.90. Global Net Lease, Inc. has a 12 month low of $6.51 and a 12 month high of $9.10. The firm has a market cap of $1.72 billion, a P/E ratio of -5.39 and a beta of 1.20. The company’s 50-day moving average price is $7.37 and its two-hundred day moving average price is $7.53.

Global Net Lease (NYSE:GNL) last released its earnings results on Wednesday, August 6th. The financial services provider reported $0.24 EPS for the quarter, beating the consensus estimate 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 net margin of 43.75% and a negative return on equity of 9.71%. On average, analysts anticipate that Global Net Lease, Inc. will post 1.26 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Investors of record on Friday, July 11th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.76 annualized dividend and a dividend yield of 9.8%. Global Net Lease’s payout ratio is -52.78%.

Insider Activity at Global Net Lease

In related news, insider Nicholas S. Schorsch sold 300,000 shares of Global Net Lease stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $7.33, for a total transaction of $2,199,000.00. Following the sale, the insider directly owned 19,607,384 shares of the company’s stock, valued at approximately $143,722,124.72. The trade was a 1.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward M. Jr. Weil sold 150,000 shares of Global Net Lease stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $7.61, for a total transaction of $1,141,500.00. Following the sale, the chief executive officer directly owned 584,053 shares in the company, valued at $4,444,643.33. This trade represents a 20.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,553,000 shares of company stock worth $56,115,790 over the last ninety days. 0.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on GNL shares. Colliers Securities upgraded shares of Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, August 7th. JMP Securities reiterated a “market outperform” rating and issued a $9.00 price objective on shares of Global Net Lease in a research note on Thursday, June 12th. 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. Finally, B. Riley started coverage on shares of Global Net Lease in a research note on Tuesday, April 22nd. They issued a “neutral” rating and a $8.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.20.

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.