Quantinno Capital Management LP Makes New Investment in Global Net Lease, Inc. (NYSE:GNL)

Quantinno Capital Management LP acquired a new stake in shares of Global Net Lease, Inc. (NYSE:GNL) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,267 shares of the financial services provider’s stock, valued at approximately $112,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GNL. Bank of Montreal Can grew 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 worth $22,986,000 after purchasing an additional 3,093,924 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Global Net Lease by 392.8% during the third 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 buying an additional 835,830 shares during the period. TrueMark Investments LLC purchased a new position in Global Net Lease in the second quarter valued at $3,367,000. Waterfall Asset Management LLC acquired a new position in shares of Global Net Lease in the second quarter worth about $2,122,000. Finally, Edgestream Partners L.P. boosted its stake in shares of Global Net Lease by 58.1% during the 2nd quarter. Edgestream Partners L.P. now owns 772,479 shares of the financial services provider’s stock worth $5,678,000 after acquiring an additional 283,739 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average price of $7.72 per share, with a total value of $772,000.00. Following the completion of the acquisition, the insider now owns 1,829,073 shares in the company, valued at $14,120,443.56. This trade represents a 5.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GNL shares. JMP Securities upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research note on Tuesday. Truist Financial reduced their target price on Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Friday, November 29th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.50.

Global Net Lease Price Performance

NYSE:GNL opened at $7.29 on Wednesday. The stock has a 50 day moving average of $7.71 and a two-hundred day moving average of $7.99. Global Net Lease, Inc. has a 12 month low of $6.52 and a 12 month high of $10.19. The firm has a market cap of $1.68 billion, a P/E ratio of -7.76, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.65). The firm had revenue of $196.56 million for the quarter, compared to analysts’ expectations of $198.76 million. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. During the same quarter in the previous year, the firm posted $0.36 earnings per share. On average, analysts expect that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 15.09%. The ex-dividend date was Friday, October 11th. Global Net Lease’s dividend payout ratio is currently -117.02%.

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.