GAMMA Investing LLC Purchases 2,752 Shares of Global Net Lease, Inc. $GNL

GAMMA Investing LLC lifted its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 100.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,487 shares of the financial services provider’s stock after acquiring an additional 2,752 shares during the quarter. GAMMA Investing LLC’s holdings in Global Net Lease were worth $41,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of Global Net Lease by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 986,423 shares of the financial services provider’s stock worth $7,931,000 after acquiring an additional 25,741 shares during the period. Allianz Asset Management GmbH lifted its holdings in Global Net Lease by 177.1% during the 1st quarter. Allianz Asset Management GmbH now owns 386,718 shares of the financial services provider’s stock worth $3,109,000 after purchasing an additional 247,140 shares in the last quarter. M&T Bank Corp lifted its holdings in Global Net Lease by 185.8% during the 1st quarter. M&T Bank Corp now owns 34,749 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 22,590 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Global Net Lease during the 1st quarter worth about $355,000. Finally, Strs Ohio purchased a new stake in Global Net Lease during the 1st quarter worth about $302,000. Institutional investors own 61.19% of the company’s stock.

Analyst Upgrades and Downgrades

GNL has been the topic of a number of recent research reports. JMP Securities reissued a “market outperform” rating and set a $9.00 price objective on shares of Global Net Lease in a report on Thursday, June 12th. Colliers Securities raised Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, August 7th. KeyCorp raised Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price objective on the stock in a report on Tuesday, August 19th. Finally, Wall Street Zen raised Global Net Lease from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $9.20.

Global Net Lease Stock Performance

NYSE:GNL opened at $8.19 on Friday. The business’s 50-day moving average price is $7.77 and its two-hundred day moving average price is $7.64. Global Net Lease, Inc. has a twelve month low of $6.51 and a twelve month high of $8.71. The stock has a market cap of $1.81 billion, a P/E ratio of -5.68 and a beta of 1.20. 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 (NYSE:GNL) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. Global Net Lease had a negative return on equity of 9.71% and a negative net margin of 43.75%.The firm had revenue of $124.91 million for the quarter, compared to analysts’ expectations of $138.38 million. As a group, equities analysts predict that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Monday, October 13th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend is Friday, October 10th. Global Net Lease’s dividend payout ratio (DPR) is currently -52.78%.

Insider Buying and Selling at Global Net Lease

In related news, CEO Edward M. Jr. Weil sold 150,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 584,053 shares of the company’s stock, valued at approximately $4,444,643.33. This trade represents a 20.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.37% of the company’s stock.

Global Net Lease Company 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.