Global Net Lease, Inc. (NYSE:GNL) Shares Bought by Algert Global LLC

Algert Global LLC increased its position in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 321,242 shares of the financial services provider's stock after buying an additional 43,658 shares during the period. Algert Global LLC owned 0.14% of Global Net Lease worth $2,345,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Helix Partners Management LP purchased a new stake in Global Net Lease in the 4th quarter worth $24,455,000. JPMorgan Chase & Co. increased its stake in shares of Global Net Lease by 107.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,269,118 shares of the financial services provider's stock worth $9,265,000 after purchasing an additional 656,890 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Global Net Lease during the 4th quarter worth about $4,021,000. Northern Trust Corp lifted its stake in Global Net Lease by 26.3% in the 4th quarter. Northern Trust Corp now owns 2,612,357 shares of the financial services provider's stock valued at $19,070,000 after buying an additional 544,719 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Global Net Lease by 14.8% in the 4th quarter. Invesco Ltd. now owns 3,575,498 shares of the financial services provider's stock worth $26,101,000 after buying an additional 461,173 shares during the last quarter. Institutional investors and hedge funds own 61.19% of the company's stock.

Insider Buying and Selling at Global Net Lease

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

Global Net Lease Price Performance

GNL traded up $0.20 during trading on Friday, reaching $8.05. The company's stock had a trading volume of 2,125,009 shares, compared to its average volume of 1,526,843. 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 fifty day simple moving average of $7.67 and a two-hundred day simple moving average of $7.47. The company has a market cap of $1.84 billion, a price-to-earnings ratio of -8.56 and a beta of 1.22. Global Net Lease, Inc. has a 1 year low of $6.51 and a 1 year 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 for the quarter, topping 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 company had revenue of $132.42 million for the quarter, compared to analyst estimates of $187.40 million. As a group, analysts anticipate that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, April 11th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 9.44%. The ex-dividend date was Friday, April 11th. Global Net Lease's dividend payout ratio (DPR) is presently -100.00%.

Wall Street Analyst Weigh In

Separately, B. Riley began coverage on Global Net Lease in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $8.00 price target on the stock. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.