Quest Partners LLC Buys 51,713 Shares of Global Net Lease, Inc. (NYSE:GNL)

Quest Partners LLC boosted its stake in Global Net Lease, Inc. (NYSE:GNL) by 155.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,881 shares of the financial services provider’s stock after buying an additional 51,713 shares during the quarter. Quest Partners LLC’s holdings in Global Net Lease were worth $715,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GNL. Bank of Montreal Can raised its holdings in shares of Global Net Lease by 12,401.0% in 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 last quarter. Bank of New York Mellon Corp grew its holdings in shares of Global Net Lease by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,607,268 shares of the financial services provider’s stock valued at $11,813,000 after acquiring an additional 6,715 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in Global Net Lease by 58.1% during the second 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 period. Advisors Asset Management Inc. boosted its position in Global Net Lease by 73.5% in the first quarter. Advisors Asset Management Inc. now owns 698,844 shares of the financial services provider’s stock worth $5,430,000 after purchasing an additional 296,124 shares during the last quarter. Finally, TrueMark Investments LLC bought a new position in Global Net Lease in the 2nd quarter valued at $3,367,000. 61.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was bought at an average price of $8.40 per share, with a total value of $840,000.00. Following the completion of the acquisition, the insider now owns 1,729,073 shares of the company’s stock, valued at $14,524,213.20. This trade represents a 6.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

GNL has been the topic of a number of research analyst reports. B. Riley cut their price target on shares of Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Truist Financial lifted their price objective on Global Net Lease from $8.00 to $8.50 and gave the stock a “hold” rating in a report on Wednesday, August 21st. Finally, StockNews.com raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Four 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, the stock presently has a consensus rating of “Hold” and an average price target of $9.83.

Global Net Lease Trading Down 0.3 %

NYSE:GNL opened at $7.27 on Friday. The company has a market cap of $1.68 billion, a P/E ratio of -7.73, a P/E/G ratio of 0.96 and a beta of 1.38. Global Net Lease, Inc. has a 1 year low of $6.52 and a 1 year high of $10.19. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The stock’s fifty day moving average price is $8.19 and its two-hundred day moving average price is $8.01.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). The company had revenue of $196.56 million for 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 period last year, the company posted $0.36 EPS. As a group, analysts expect that Global Net Lease, Inc. will post 1.27 EPS for the current year.

Global Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 15.13%. The ex-dividend date was Friday, October 11th. Global Net Lease’s dividend payout ratio 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.