SG Americas Securities LLC Increases Stock Holdings in Global Net Lease, Inc. (NYSE:GNL)

SG Americas Securities LLC increased its holdings in Global Net Lease, Inc. (NYSE:GNL) by 378.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,848 shares of the financial services provider’s stock after acquiring an additional 44,166 shares during the quarter. SG Americas Securities LLC’s holdings in Global Net Lease were worth $470,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Scarborough Advisors LLC purchased a new stake in Global Net Lease in the fourth quarter worth $25,000. Verus Capital Partners LLC purchased a new stake in Global Net Lease in the second quarter worth $74,000. Atomi Financial Group Inc. purchased a new stake in Global Net Lease in the first quarter worth $81,000. Signaturefd LLC lifted its stake in Global Net Lease by 176.8% in the second quarter. Signaturefd LLC now owns 12,410 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 7,927 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in Global Net Lease by 10.3% in the second quarter. Sunbelt Securities Inc. now owns 14,449 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 1,351 shares during the period. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Insider Activity

In other news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were acquired at an average cost of $8.40 per share, with a total value of $840,000.00. Following the completion of the transaction, the insider now owns 1,729,073 shares of the company’s stock, valued at approximately $14,524,213.20. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Global Net Lease Price Performance

GNL opened at $8.60 on Thursday. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $10.19. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $8.50 and a two-hundred day simple moving average of $7.87. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -4.73, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.52). Global Net Lease had a negative net margin of 33.26% and a negative return on equity of 9.41%. The company had revenue of $203.29 million for the quarter, compared to the consensus estimate of $204.80 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. Research analysts predict that Global Net Lease, Inc. will post 1.27 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, October 16th. Stockholders of record on Friday, October 11th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.10 annualized dividend and a dividend yield of 12.79%. Global Net Lease’s payout ratio is presently -60.44%.

Analyst Ratings Changes

A number of analysts recently commented on GNL shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $11.00 price target on shares of Global Net Lease in a research note on Friday, June 28th. B. Riley decreased their price objective on Global Net Lease from $11.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 12th. StockNews.com upgraded Global Net Lease from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Truist Financial increased their price objective on Global Net Lease from $8.00 to $8.50 and gave the stock a “hold” rating in a report on Wednesday, August 21st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Global Net Lease presently has an average rating of “Hold” and a consensus target price of $9.83.

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.