Crestline Management LP Buys Shares of 506,075 Global Net Lease, Inc. (NYSE:GNL)

Crestline Management LP bought a new stake in Global Net Lease, Inc. (NYSE:GNL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 506,075 shares of the financial services provider's stock, valued at approximately $3,694,000. Crestline Management LP owned about 0.22% of Global Net Lease as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of GNL. Barclays PLC grew its holdings in Global Net Lease by 312.3% in the third quarter. Barclays PLC now owns 339,701 shares of the financial services provider's stock valued at $2,859,000 after purchasing an additional 257,310 shares during the last quarter. Virtu Financial LLC purchased a new position in Global Net Lease during the third quarter worth about $114,000. JPMorgan Chase & Co. lifted its position in Global Net Lease by 31.8% during the third quarter. JPMorgan Chase & Co. now owns 612,228 shares of the financial services provider's stock worth $5,155,000 after buying an additional 147,803 shares during the period. Arkadios Wealth Advisors raised its holdings in shares of Global Net Lease by 8.6% in the 4th quarter. Arkadios Wealth Advisors now owns 59,945 shares of the financial services provider's stock worth $438,000 after purchasing an additional 4,724 shares during the period. Finally, HB Wealth Management LLC purchased a new position in shares of Global Net Lease in the 4th quarter worth about $81,000. Institutional investors and hedge funds own 61.19% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total transaction of $1,590,000.00. Following the sale, the insider now directly owns 1,629,073 shares of the company's stock, valued at $12,951,130.35. The trade was a 10.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is currently owned by insiders.

Global Net Lease Stock Performance

Shares of GNL traded up $0.02 during mid-day trading on Monday, hitting $8.10. The stock had a trading volume of 520,403 shares, compared to its average volume of 1,522,915. The company has a market cap of $1.85 billion, a PE ratio of -8.61 and a beta of 1.22. The company's fifty day simple moving average is $7.67 and its two-hundred day simple moving average is $7.47. 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, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $9.11.

Global Net Lease (NYSE:GNL - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.06. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. The business had revenue of $132.42 million during the quarter, compared to analyst estimates of $187.40 million. On average, equities analysts expect that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, April 11th were given a dividend of $0.19 per share. The ex-dividend date was Friday, April 11th. This represents a $0.76 dividend on an annualized basis and a yield of 9.39%. Global Net Lease's dividend payout ratio (DPR) is presently -100.00%.

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated coverage on Global Net Lease in a report on Tuesday, April 22nd. They set a "neutral" rating and a $8.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Global Net Lease currently has a consensus rating of "Moderate Buy" and an average price target of $9.00.

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.