Global Net Lease, Inc. $GNL Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 41.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,822 shares of the financial services provider’s stock after selling 16,914 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Global Net Lease were worth $180,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Allworth Financial LP increased its holdings in shares of Global Net Lease by 15.8% in the first quarter. Allworth Financial LP now owns 11,940 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 1,626 shares during the last quarter. Harbour Investments Inc. grew its holdings in Global Net Lease by 4.4% in the 1st quarter. Harbour Investments Inc. now owns 40,616 shares of the financial services provider’s stock valued at $327,000 after buying an additional 1,723 shares in the last quarter. Arrow Investment Advisors LLC increased its stake in shares of Global Net Lease by 9.1% in the 2nd quarter. Arrow Investment Advisors LLC now owns 22,957 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 1,918 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Global Net Lease by 100.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 2,752 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Global Net Lease by 1.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 209,899 shares of the financial services provider’s stock worth $1,583,000 after acquiring an additional 2,812 shares during the period. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Trading Down 2.2%

Shares of GNL stock opened at $7.65 on Monday. Global Net Lease, Inc. has a 1-year low of $6.51 and a 1-year high of $8.71. The firm has a market cap of $1.69 billion, a PE ratio of -5.31 and a beta of 1.20. The company has a 50-day moving average of $7.86 and a two-hundred day moving average of $7.63. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.13 and a quick ratio of 0.13.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.24 EPS for the quarter, topping 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 predict that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, October 13th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 9.9%. The ex-dividend date is Friday, October 10th. Global Net Lease’s dividend payout ratio (DPR) is currently -52.78%.

Wall Street Analysts Forecast Growth

GNL has been the subject of a number of analyst reports. Wall Street Zen raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Colliers Securities upgraded shares of Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Thursday, August 7th. Finally, KeyCorp raised shares of Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price target for the company in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.