Mutual Advisors LLC Sells 1,929 Shares of Global Net Lease, Inc. (NYSE:GNL)

Mutual Advisors LLC trimmed its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 12.4% in the fourth quarter, Holdings Channel reports. The fund owned 13,585 shares of the financial services provider’s stock after selling 1,929 shares during the quarter. Mutual Advisors LLC’s holdings in Global Net Lease were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. American Capital Advisory LLC bought a new stake in shares of Global Net Lease in the third quarter valued at about $34,000. Park Place Capital Corp bought a new stake in shares of Global Net Lease in the third quarter valued at about $35,000. GAMMA Investing LLC lifted its stake in shares of 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 valued at $43,000 after buying an additional 1,897 shares during the period. McIlrath & Eck LLC bought a new stake in shares of Global Net Lease in the third quarter valued at about $67,000. Finally, KBC Group NV lifted its stake in shares of Global Net Lease by 37.4% in the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock valued at $78,000 after buying an additional 2,535 shares during the period. 61.19% of the stock is currently owned by institutional investors.

Global Net Lease Stock Performance

NYSE:GNL opened at $7.04 on Thursday. The firm has a market capitalization of $1.62 billion, a PE ratio of -7.48 and a beta of 1.34. The firm has a 50-day moving average price of $7.26 and a 200 day moving average price of $7.95. 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, Inc. has a 12-month low of $6.52 and a 12-month high of $9.10.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share 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 analyst estimates 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 period in the previous year, the business posted $0.36 EPS. Research analysts anticipate that Global Net Lease, Inc. will post 1.26 earnings per share for the current fiscal year.

Global Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 15.64%. The ex-dividend date was Monday, January 13th. Global Net Lease’s payout ratio is -117.02%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GNL shares. Truist Financial reduced their target price on shares of 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. JMP Securities raised shares of 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 report on Tuesday, December 17th. Finally, Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Global Net Lease currently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

Insider Transactions at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was acquired 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 directly owns 1,829,073 shares in the company, valued at approximately $14,120,443.56. This trade represents a 5.78 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.

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.