Global Net Lease, Inc. (NYSE:GNL) Shares Purchased by Creative Planning

Creative Planning raised its holdings in Global Net Lease, Inc. (NYSE:GNL) by 52.0% during the second quarter, Holdings Channel.com reports. The firm owned 72,083 shares of the financial services provider’s stock after purchasing an additional 24,673 shares during the quarter. Creative Planning’s holdings in Global Net Lease were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Global Net Lease by 10.3% in the 4th quarter. Vanguard Group Inc. now owns 33,932,387 shares of the financial services provider’s stock valued at $337,627,000 after purchasing an additional 3,162,310 shares in the last quarter. Bank of Montreal Can lifted its position 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 acquiring an additional 3,093,924 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Global Net Lease during the 1st quarter worth approximately $3,798,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Global Net Lease by 25.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,236,299 shares of the financial services provider’s stock valued at $17,376,000 after purchasing an additional 460,717 shares in the last quarter. Finally, TrueMark Investments LLC purchased a new position in Global Net Lease in the 2nd quarter valued at approximately $3,367,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Price Performance

NYSE:GNL opened at $8.28 on Tuesday. 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 firm has a market cap of $1.91 billion, a price-to-earnings ratio of -4.55, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. The company’s 50-day moving average is $8.50 and its two-hundred day moving average is $7.86. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $10.19.

Global Net Lease (NYSE:GNL) last posted its quarterly 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 net margin of 33.26% and a negative return on equity of 9.41%. The business had revenue of $203.29 million during the quarter, compared to analysts’ expectations of $204.80 million. During the same quarter last year, the firm earned $0.40 EPS. Research analysts expect that Global Net Lease, Inc. will post 1.27 EPS for the current year.

Global Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Friday, October 11th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 13.29%. The ex-dividend date is Friday, October 11th. Global Net Lease’s dividend payout ratio (DPR) is currently -60.44%.

Insiders Place Their Bets

In other news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were purchased at an average price of $8.40 per share, for a total transaction of $840,000.00. Following the acquisition, the insider now directly owns 1,729,073 shares of the company’s stock, valued at $14,524,213.20. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.