International Assets Investment Management LLC Increases Position in Global Net Lease, Inc. (NYSE:GNL)

International Assets Investment Management LLC lifted its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 1,756.3% during the third quarter, Holdings Channel reports. The fund owned 34,305 shares of the financial services provider’s stock after purchasing an additional 32,457 shares during the quarter. International Assets Investment Management LLC’s holdings in Global Net Lease were worth $2,646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Park Place Capital Corp purchased a new stake in shares of Global Net Lease during the third quarter worth about $35,000. GAMMA Investing LLC grew 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 purchasing an additional 1,897 shares in the last quarter. Verus Capital Partners LLC acquired a new position in Global Net Lease in the second quarter worth about $74,000. Atomi Financial Group Inc. acquired a new position in Global Net Lease in the first quarter worth about $81,000. Finally, Signaturefd LLC grew its stake in Global Net Lease by 176.8% in the second quarter. Signaturefd LLC now owns 12,410 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 7,927 shares in the last quarter. 61.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the stock in a transaction on Wednesday, October 2nd. The shares were purchased at an average cost of $8.40 per share, for a total transaction of $840,000.00. Following the transaction, the insider now owns 1,729,073 shares in the company, valued at approximately $14,524,213.20. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by corporate insiders.

Global Net Lease Stock Performance

GNL opened at $7.63 on Friday. The business’s 50 day moving average is $8.47 and its 200-day moving average is $7.94. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.72. Global Net Lease, Inc. has a twelve month low of $6.52 and a twelve month high of $10.19.

Global Net Lease (NYSE:GNL) last announced its earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.52). Global Net Lease had a negative return on equity of 9.41% and a negative net margin of 33.26%. The firm had revenue of $203.29 million for the quarter, compared to the consensus estimate of $204.80 million. During the same period in the previous year, the firm earned $0.40 EPS. Equities research analysts expect that Global Net Lease, Inc. will post 1.27 earnings per share for the current year.

Global Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were issued a $0.275 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.10 annualized dividend and a dividend yield of 14.42%. Global Net Lease’s dividend payout ratio is currently -63.95%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GNL. B. Riley decreased their price target on Global Net Lease from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 12th. StockNews.com upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Truist Financial lifted their price target on 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.83.

Global Net Lease Company 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.