69,990 Shares in Global Net Lease, Inc. (NYSE:GNL) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Global Net Lease, Inc. (NYSE:GNL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 69,990 shares of the financial services provider’s stock, valued at approximately $589,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Global Net Lease by 392.8% during the third 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 worth $8,829,000 after purchasing an additional 835,830 shares during the last quarter. Bank of Montreal Can lifted its stake 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 worth $22,986,000 after purchasing an additional 3,093,924 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Global Net Lease by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock worth $34,176,000 after purchasing an additional 166,247 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Global Net Lease by 12.2% during the third quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock worth $9,345,000 after purchasing an additional 120,610 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in Global Net Lease during the third quarter worth about $92,000. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Global Net Lease news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of Global Net Lease stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average price of $7.72 per share, for a total transaction of $772,000.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Truist Financial dropped their price target on 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Global Net Lease presently has a consensus rating of “Hold” and a consensus price target of $9.67.

Global Net Lease Trading Up 1.4 %

NYSE GNL opened at $7.22 on Friday. Global Net Lease, Inc. has a 1-year low of $6.52 and a 1-year high of $10.19. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average of $7.73 and a 200-day moving average of $7.98. The firm has a market cap of $1.67 billion, a PE ratio of -7.68, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34.

Global Net Lease (NYSE:GNL) last released its earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The company had revenue of $196.56 million during the quarter, compared to the consensus estimate of $198.76 million. During the same period last year, the firm posted $0.36 EPS. As a group, sell-side analysts forecast that Global Net Lease, Inc. will post 1.27 EPS for the current year.

Global Net Lease Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.24%. The ex-dividend date of this dividend was Friday, October 11th. Global Net Lease’s dividend payout ratio (DPR) is presently -117.02%.

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.