KBC Group NV Increases Position in Global Net Lease, Inc. (NYSE:GNL)

KBC Group NV boosted its position in Global Net Lease, Inc. (NYSE:GNL) by 37.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,311 shares of the financial services provider’s stock after acquiring an additional 2,535 shares during the quarter. KBC Group NV’s holdings in Global Net Lease were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GNL. American Capital Advisory LLC purchased a new position in shares of Global Net Lease in the 3rd quarter worth about $34,000. Park Place Capital Corp bought a new stake in Global Net Lease in the 3rd quarter worth approximately $35,000. GAMMA Investing LLC boosted its stake in Global Net Lease by 60.1% in the third quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock worth $43,000 after buying an additional 1,897 shares in the last quarter. Verus Capital Partners LLC bought a new position in Global Net Lease during the second quarter valued at approximately $74,000. Finally, Signaturefd LLC raised its stake in shares of Global Net Lease by 176.8% during 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 in the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GNL. Truist Financial upped their price objective on shares of Global Net Lease from $8.00 to $8.50 and gave the company a “hold” rating in a research note on Wednesday, August 21st. B. Riley reduced their price objective on Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Finally, StockNews.com raised Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.83.

Global Net Lease Trading Up 1.2 %

NYSE:GNL opened at $7.37 on Friday. The firm has a market capitalization of $1.70 billion, a P/E ratio of -7.86, a P/E/G ratio of 0.96 and a beta of 1.38. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a fifty day moving average of $8.16 and a 200 day moving average of $8.00. Global Net Lease, Inc. has a 52 week low of $6.52 and a 52 week high of $10.19.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data 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 the consensus estimate of $198.76 million. Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. During the same period last year, the company posted $0.36 earnings per share. On average, research analysts predict that Global Net Lease, Inc. will post 1.27 earnings per share for the current year.

Global Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Friday, October 11th were issued a dividend of $0.275 per share. The ex-dividend date was Friday, October 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 14.94%. Global Net Lease’s dividend payout ratio is presently -117.02%.

Insider Buying and Selling

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

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.