Brown Advisory Inc. Trims Stock Position in Global Net Lease, Inc. (NYSE:GNL)

Brown Advisory Inc. cut its holdings in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,284,581 shares of the financial services provider's stock after selling 137,634 shares during the period. Brown Advisory Inc. owned 0.99% of Global Net Lease worth $16,677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE boosted its stake in shares of Global Net Lease by 363.2% during the fourth quarter. US Bancorp DE now owns 6,072 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 4,761 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Global Net Lease by 119.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 6,659 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 3,624 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in shares of Global Net Lease during the fourth quarter valued at approximately $73,000. Allworth Financial LP boosted its stake in shares of Global Net Lease by 157.6% during the fourth quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 6,310 shares in the last quarter. Finally, HB Wealth Management LLC bought a new position in shares of Global Net Lease during the fourth quarter valued at approximately $81,000. 61.19% of the stock is currently owned by institutional investors.

Global Net Lease Stock Up 0.4%

NYSE:GNL traded up $0.04 during mid-day trading on Monday, hitting $8.12. 389,953 shares of the company's stock traded hands, compared to its average volume of 1,522,458. The company has a fifty day moving average of $7.67 and a 200 day moving average of $7.47. Global Net Lease, Inc. has a twelve month low of $6.51 and a twelve month high of $9.11. The company has a market capitalization of $1.86 billion, a P/E ratio of -8.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06.

Global Net Lease (NYSE:GNL - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate 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. On average, analysts forecast that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, April 11th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 9.37%. The ex-dividend date was Friday, April 11th. Global Net Lease's dividend payout ratio is currently -100.00%.

Insiders Place Their Bets

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $7.95, for a total value of $1,590,000.00. Following the completion of the transaction, the insider now owns 1,629,073 shares of the company's stock, valued at approximately $12,951,130.35. This trade represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.37% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley started coverage on shares of Global Net Lease in a research report on Tuesday, April 22nd. They set a "neutral" rating and a $8.00 target price for the company. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued 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 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.