Nomura Asset Management Co. Ltd. Boosts Holdings in Global Net Lease, Inc. (NYSE:GNL)

Nomura Asset Management Co. Ltd. raised its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 1.0% in the third quarter, Holdings Channel reports. The institutional investor owned 245,400 shares of the financial services provider’s stock after acquiring an additional 2,500 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Global Net Lease were worth $2,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its position 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 valued at $22,986,000 after purchasing an additional 3,093,924 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 valued at $8,829,000 after purchasing an additional 835,830 shares in the last quarter. TrueMark Investments LLC bought a new position in shares of Global Net Lease in the second quarter worth approximately $3,367,000. Waterfall Asset Management LLC purchased a new stake in shares of Global Net Lease in the second quarter worth $2,122,000. Finally, Edgestream Partners L.P. raised its position in shares of 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 valued at $5,678,000 after purchasing an additional 283,739 shares during the period. 61.19% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $7.72 per share, with a total value of $772,000.00. Following the purchase, the insider now directly owns 1,829,073 shares of the company’s stock, 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 legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial cut 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. According to MarketBeat, Global Net Lease currently has an average rating of “Hold” and an average target price of $9.67.

Global Net Lease Stock Up 1.4 %

GNL opened at $7.22 on Friday. Global Net Lease, Inc. has a 52 week low of $6.52 and a 52 week high of $10.19. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The firm has a 50-day simple moving average of $7.73 and a two-hundred day simple moving average of $7.98. The company has a market capitalization 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 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 firm had revenue of $196.56 million during the quarter, compared to the consensus estimate 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 firm earned $0.36 EPS. Analysts forecast that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.10 annualized dividend and a yield of 15.24%. Global Net Lease’s dividend payout ratio (DPR) is currently -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.