Advisors Asset Management Inc. Sells 205,657 Shares of Global Net Lease, Inc. $GNL

Advisors Asset Management Inc. cut its holdings in Global Net Lease, Inc. (NYSE:GNL) by 13.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,305,720 shares of the financial services provider’s stock after selling 205,657 shares during the quarter. Advisors Asset Management Inc. owned 0.57% of Global Net Lease worth $9,858,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arlington Trust Co LLC purchased a new stake in shares of Global Net Lease during the 2nd quarter valued at about $32,000. GAMMA Investing LLC raised its position in Global Net Lease by 100.6% during 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. AlphaQuest LLC purchased a new stake in Global Net Lease during the second quarter valued at approximately $59,000. Callan Family Office LLC bought a new stake in shares of Global Net Lease in the 1st quarter valued at approximately $85,000. Finally, Lee Johnson Capital Management LLC purchased a new position in shares of Global Net Lease in the 2nd quarter worth approximately $83,000. 61.19% of the stock is owned by hedge funds and other institutional investors.

Global Net Lease Stock Performance

GNL stock opened at $8.20 on Wednesday. Global Net Lease, Inc. has a one year low of $6.51 and a one year high of $8.35. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -5.73 and a beta of 1.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a 50-day simple moving average of $7.88 and a two-hundred day simple moving average of $7.70.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. Global Net Lease had a negative net margin of 48.52% and a negative return on equity of 10.27%. The firm had revenue of $121.01 million during the quarter, compared to analyst estimates of $118.86 million. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. On average, equities analysts forecast that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Monday, October 13th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 9.3%. The ex-dividend date was Friday, October 10th. Global Net Lease’s payout ratio is -53.15%.

Wall Street Analysts Forecast Growth

GNL has been the topic of several recent research reports. KeyCorp upgraded Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a report on Tuesday, August 19th. Wall Street Zen downgraded shares of Global Net Lease from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Colliers Securities upgraded shares of Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.20.

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.