Diversify Advisory Services LLC Sells 5,954 Shares of Global Net Lease, Inc. (NYSE:GNL)

Diversify Advisory Services LLC lessened its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 19.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,181 shares of the financial services provider’s stock after selling 5,954 shares during the quarter. Diversify Advisory Services LLC’s holdings in Global Net Lease were worth $179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of Montreal Can grew its holdings in 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 valued at $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 lifted 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 buying an additional 835,830 shares in the last quarter. Waterfall Asset Management LLC bought a new position in shares of Global Net Lease during the 2nd quarter valued at approximately $2,122,000. Citigroup Inc. raised its stake in Global Net Lease by 52.8% during the 3rd quarter. Citigroup Inc. now owns 771,371 shares of the financial services provider’s stock worth $6,495,000 after acquiring an additional 266,647 shares during the period. Finally, Barclays PLC raised its stake in Global Net Lease by 312.3% during the 3rd quarter. Barclays PLC now owns 339,701 shares of the financial services provider’s stock worth $2,859,000 after acquiring an additional 257,310 shares during the period. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on GNL shares. Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. 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, December 17th. Finally, Truist Financial lowered their price objective on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Friday, November 29th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Insider Buying and Selling

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

Global Net Lease Stock Up 0.2 %

Shares of GNL stock opened at $7.17 on Friday. The company’s fifty day simple moving average is $7.27 and its two-hundred day simple moving average is $7.97. Global Net Lease, Inc. has a 52 week low of $6.52 and a 52 week high of $9.10. The stock has a market cap of $1.65 billion, a P/E ratio of -7.62 and a beta of 1.34. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70.

Global Net Lease (NYSE:GNL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). The firm had revenue of $196.56 million during 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 prior year, the firm posted $0.36 earnings per share. Analysts predict that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.35%. The ex-dividend date was Monday, January 13th. Global Net Lease’s dividend payout ratio (DPR) is presently -117.02%.

Global Net Lease 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.