Global Net Lease, Inc. (NYSE:GNL) Shares Bought by Caxton Associates LP

Caxton Associates LP raised its stake in Global Net Lease, Inc. (NYSE:GNL) by 777.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,527 shares of the financial services provider’s stock after acquiring an additional 81,095 shares during the period. Caxton Associates LP’s holdings in Global Net Lease were worth $673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Global Net Lease by 10.3% in the fourth quarter. Vanguard Group Inc. now owns 33,932,387 shares of the financial services provider’s stock valued at $337,627,000 after acquiring an additional 3,162,310 shares during the period. Bank of Montreal Can boosted its position in shares of Global Net Lease by 12,401.0% during the second quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock worth $22,986,000 after buying an additional 3,093,924 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Global Net Lease by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,724,873 shares of the financial services provider’s stock worth $27,113,000 after buying an additional 92,391 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Global Net Lease by 25.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,236,299 shares of the financial services provider’s stock worth $17,376,000 after buying an additional 460,717 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Global Net Lease by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 1,607,268 shares of the financial services provider’s stock worth $11,813,000 after buying an additional 6,715 shares during the period. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GNL. JMP Securities reiterated a “market perform” rating on shares of Global Net Lease in a research report on Wednesday, June 12th. StockNews.com upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. BMO Capital Markets reiterated an “outperform” rating and set a $11.00 price objective on shares of Global Net Lease in a research report on Friday, June 28th. B. Riley reduced their price objective on Global Net Lease from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Finally, Truist Financial boosted their price objective on Global Net Lease from $8.00 to $8.50 and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.83.

Global Net Lease Price Performance

Shares of NYSE:GNL opened at $8.57 on Friday. Global Net Lease, Inc. has a 12 month low of $6.52 and a 12 month high of $10.19. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -4.71, a PEG ratio of 1.15 and a beta of 1.38. The stock’s 50 day moving average price is $8.55 and its 200 day moving average price is $7.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.05 and a quick ratio of 0.05.

Global Net Lease (NYSE:GNL) last announced its earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.52). Global Net Lease had a negative return on equity of 9.41% and a negative net margin of 33.26%. The firm had revenue of $203.29 million for the quarter, compared to the consensus estimate of $204.80 million. During the same period in the previous year, the firm earned $0.40 EPS. Equities research analysts anticipate that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Thursday, July 11th were issued a $0.275 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.10 annualized dividend and a dividend yield of 12.84%. This is a boost from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s dividend payout ratio is currently -60.44%.

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.