Global Net Lease, Inc. $GNL Shares Sold by Brookstone Capital Management

Brookstone Capital Management lowered its position in Global Net Lease, Inc. (NYSE:GNL) by 12.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,290 shares of the financial services provider’s stock after selling 3,597 shares during the period. Brookstone Capital Management’s holdings in Global Net Lease were worth $191,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Arlington Trust Co LLC acquired a new stake in Global Net Lease in the second quarter valued at about $32,000. GAMMA Investing LLC lifted its position in Global Net Lease by 100.6% in the second quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 2,752 shares during the period. Lee Johnson Capital Management LLC acquired a new stake in Global Net Lease in the second quarter valued at about $83,000. Callan Family Office LLC acquired a new stake in Global Net Lease in the first quarter valued at about $85,000. Finally, Allworth Financial LP lifted its position in 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 period. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Trading Down 2.3%

Shares of Global Net Lease stock opened at $7.54 on Thursday. Global Net Lease, Inc. has a 12-month low of $6.51 and a 12-month high of $8.35. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.67 billion, a PE ratio of -5.23 and a beta of 1.20. The company has a 50-day moving average of $7.93 and a two-hundred day moving average of $7.66.

Global Net Lease (NYSE:GNL) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. Global Net Lease had a negative net margin of 43.75% and a negative return on equity of 9.71%. The company had revenue of $124.91 million during the quarter, compared to analysts’ expectations of $138.38 million. On average, research analysts anticipate that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Monday, October 13th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 10.1%. The ex-dividend date was Friday, October 10th. Global Net Lease’s payout ratio is currently -52.78%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. 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 report on Thursday, August 7th. KeyCorp raised shares of Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 target price for the company in a report on Tuesday, August 19th. Finally, Wall Street Zen raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.20.

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.