Walleye Capital LLC Makes New $107,000 Investment in Global Net Lease, Inc. (NYSE:GNL)

Walleye Capital LLC acquired a new position in Global Net Lease, Inc. (NYSE:GNL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,766 shares of the financial services provider’s stock, valued at approximately $107,000.

A number of other institutional investors have also added to or reduced their stakes in GNL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Global Net Lease by 392.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock valued at $8,829,000 after acquiring an additional 835,830 shares during the period. Bank of Montreal Can lifted its stake in shares of Global Net Lease by 12,401.0% during the 2nd quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock valued at $22,986,000 after buying an additional 3,093,924 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Global Net Lease by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock valued at $34,176,000 after buying an additional 166,247 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Global Net Lease by 12.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock valued at $9,345,000 after buying an additional 120,610 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of Global Net Lease during the 3rd quarter valued at approximately $92,000. 61.19% of the stock is owned by institutional investors.

Global Net Lease Stock Performance

NYSE GNL opened at $7.12 on Friday. Global Net Lease, Inc. has a 1 year low of $6.52 and a 1 year high of $10.19. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market capitalization of $1.64 billion, a PE ratio of -7.57, a P/E/G ratio of 0.94 and a beta of 1.34. The company’s 50 day simple moving average is $7.75 and its two-hundred day simple moving average is $7.98.

Global Net Lease (NYSE:GNL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.65). Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. The firm had revenue of $196.56 million during the quarter, compared to analysts’ expectations of $198.76 million. During the same quarter in the prior year, the company earned $0.36 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 15.46%. The ex-dividend date of this dividend was Friday, October 11th. Global Net Lease’s dividend payout ratio is presently -117.02%.

Insider Transactions at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were purchased at an average price of $8.40 per share, with a total value of $840,000.00. Following the acquisition, the insider now directly owns 1,729,073 shares of the company’s stock, valued at approximately $14,524,213.20. This represents a 6.14 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial dropped their price target on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Friday, November 29th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Global Net Lease currently has an average rating of “Hold” and an average price target of $9.67.

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.