Sonora Investment Management Group LLC Has $1.67 Million Stock Holdings in Global Net Lease, Inc. (NYSE:GNL)

Sonora Investment Management Group LLC decreased its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 5.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 228,289 shares of the financial services provider’s stock after selling 13,885 shares during the period. Sonora Investment Management Group LLC’s holdings in Global Net Lease were worth $1,667,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GNL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Global Net Lease by 392.8% in the 3rd 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 acquiring an additional 835,830 shares in the last quarter. Citigroup Inc. grew its stake in Global Net Lease by 52.8% in the 3rd quarter. Citigroup Inc. now owns 771,371 shares of the financial services provider’s stock valued at $6,495,000 after buying an additional 266,647 shares during the last quarter. Barclays PLC lifted its position in Global Net Lease by 312.3% during the 3rd quarter. Barclays PLC now owns 339,701 shares of the financial services provider’s stock worth $2,859,000 after acquiring an additional 257,310 shares during the last quarter. Algert Global LLC grew its position in shares of Global Net Lease by 255.4% in the third quarter. Algert Global LLC now owns 277,584 shares of the financial services provider’s stock valued at $2,337,000 after purchasing an additional 199,480 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Global Net Lease by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock worth $34,176,000 after buying an additional 166,247 shares during the period. 61.19% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the stock in a transaction on Monday, November 11th. The shares were purchased at an average price of $7.72 per share, for a total transaction of $772,000.00. Following the purchase, the insider now directly owns 1,829,073 shares in the company, valued at approximately $14,120,443.56. The trade was a 5.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GNL. Truist Financial decreased their target price on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 29th. Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, JMP Securities upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Global Net Lease presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Global Net Lease Price Performance

NYSE GNL opened at $7.19 on Friday. The firm’s fifty day moving average price is $7.26 and its two-hundred day moving average price is $7.95. Global Net Lease, Inc. has a 1 year low of $6.52 and a 1 year high of $9.10. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70.

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). Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The business had revenue of $196.56 million during the quarter, compared to analyst estimates of $198.76 million. During the same period in the previous year, the business earned $0.36 earnings per share. Equities research analysts expect that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 15.31%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s dividend payout ratio is -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.