Vanguard Personalized Indexing Management LLC Sells 1,390 Shares of Global Net Lease, Inc. (NYSE:GNL)

Vanguard Personalized Indexing Management LLC trimmed its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 6.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,173 shares of the financial services provider’s stock after selling 1,390 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Global Net Lease were worth $148,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Edgestream Partners L.P. grew its holdings in 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 during the last quarter. Quest Partners LLC boosted its stake in shares of Global Net Lease by 21,578.4% in the 2nd quarter. Quest Partners LLC now owns 33,168 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 33,015 shares during the last quarter. Paralel Advisors LLC bought a new stake in shares of Global Net Lease in the 2nd quarter valued at $1,102,000. Verus Capital Partners LLC bought a new stake in shares of Global Net Lease in the 2nd quarter valued at $74,000. Finally, GraniteShares Advisors LLC boosted its stake in shares of Global Net Lease by 14.2% in the 2nd quarter. GraniteShares Advisors LLC now owns 192,686 shares of the financial services provider’s stock valued at $1,416,000 after purchasing an additional 24,029 shares during the last quarter. 61.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $11.00 price objective on shares of Global Net Lease in a research note on Friday, June 28th. B. Riley reduced their price objective on shares of 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. StockNews.com raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. JMP Securities reissued a “market perform” rating on shares of Global Net Lease in a research note on Wednesday, June 12th. Finally, Truist Financial increased their target price on shares of Global Net Lease from $8.00 to $8.50 and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Global Net Lease currently has an average rating of “Hold” and an average price target of $9.83.

Global Net Lease Price Performance

GNL stock opened at $8.43 on Tuesday. The firm has a 50 day moving average of $8.55 and a 200-day moving average of $7.80. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.72. 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 capitalization of $1.94 billion, a P/E ratio of -4.63, a price-to-earnings-growth ratio of 1.15 and a beta of 1.38.

Global Net Lease (NYSE:GNL) last announced its earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.52). The company had revenue of $203.29 million during the quarter, compared to analysts’ expectations of $204.80 million. Global Net Lease had a negative net margin of 33.26% and a negative return on equity of 9.41%. During the same period in the prior year, the business earned $0.40 earnings per share. As a group, sell-side analysts predict that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

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.