Barclays PLC Boosts Stock Position in Global Net Lease, Inc. (NYSE:GNL)

Barclays PLC raised its stake in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 135.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 799,140 shares of the financial services provider's stock after purchasing an additional 459,439 shares during the period. Barclays PLC owned 0.35% of Global Net Lease worth $5,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of GNL. Summit Investment Advisors Inc. increased its position in shares of Global Net Lease by 8.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 21,006 shares of the financial services provider's stock worth $153,000 after purchasing an additional 1,655 shares in the last quarter. Concorde Asset Management LLC boosted its holdings in Global Net Lease by 6.4% in the fourth quarter. Concorde Asset Management LLC now owns 71,755 shares of the financial services provider's stock worth $524,000 after acquiring an additional 4,300 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Global Net Lease during the fourth quarter worth about $227,000. Renaissance Technologies LLC purchased a new stake in shares of Global Net Lease during the fourth quarter worth about $593,000. Finally, FIL Ltd increased its holdings in shares of Global Net Lease by 96.3% during the fourth quarter. FIL Ltd now owns 26,117 shares of the financial services provider's stock valued at $191,000 after acquiring an additional 12,812 shares in the last quarter. 61.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, B. Riley started coverage on Global Net Lease in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $8.00 price objective 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's stock. According to data from MarketBeat.com, Global Net Lease presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.00.

Global Net Lease Price Performance

Shares of Global Net Lease stock traded down $0.01 on Thursday, reaching $7.54. The company's stock had a trading volume of 225,192 shares, compared to its average volume of 1,509,624. 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 52-week low of $6.51 and a 52-week high of $9.11. The company has a market capitalization of $1.72 billion, a P/E ratio of -8.04 and a beta of 1.19. The stock has a 50-day moving average price of $7.68 and a 200-day moving average price of $7.51.

Global Net Lease Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, April 11th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 10.08%. The ex-dividend date was Friday, April 11th. Global Net Lease's payout ratio is currently -100.00%.

Insider Activity

In related news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 1,629,073 shares of the company's stock, valued at approximately $12,951,130.35. This represents a 10.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company's stock.

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.