771,964 Shares in Global Net Lease, Inc. $GNL Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired 771,964 shares of Global Net Lease, Inc. valued at approximately $6.2 million, representing about 0.34% of the company's total shares.
• Various institutional investors, including Allworth Financial and Harbour Investments, have increased their stakes in Global Net Lease, with 61.19% of the stock currently owned by institutional investors.
• Global Net Lease reported a quarterly EPS of $0.24, exceeding analysts' expectations, and recently declared a dividend yielding 9.8%, despite a negative payout ratio.

Nuveen LLC bought a new position in Global Net Lease, Inc. (NYSE:GNL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 771,964 shares of the financial services provider's stock, valued at approximately $6,207,000. Nuveen LLC owned approximately 0.34% of Global Net Lease as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CoreCap Advisors LLC purchased a new stake in Global Net Lease in the 4th quarter worth approximately $25,000. Ameriflex Group Inc. purchased a new stake in Global Net Lease in the 4th quarter worth approximately $25,000. GF Fund Management CO. LTD. purchased a new stake in Global Net Lease in the 4th quarter worth approximately $26,000. Coldstream Capital Management Inc. purchased a new stake in Global Net Lease in the 4th quarter worth approximately $73,000. Finally, Atlas Private Wealth Advisors purchased a new stake in Global Net Lease in the 1st quarter worth approximately $85,000. Hedge funds and other institutional investors own 61.19% of the company's stock.

Wall Street Analysts Forecast Growth

GNL has been the subject of several recent research reports. Colliers Securities raised shares of Global Net Lease from a "neutral" rating to a "buy" rating and set a $12.00 target price for the company in a research report on Thursday, August 7th. KeyCorp raised shares of Global Net Lease from a "sector weight" rating to an "overweight" rating and set a $9.00 target price for the company in a research report on Tuesday, August 19th. JMP Securities reissued a "market outperform" rating and issued a $9.00 target price on shares of Global Net Lease in a research report on Thursday, June 12th. Finally, Wall Street Zen raised shares of Global Net Lease from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $9.20.

Insider Activity at Global Net Lease

In related news, insider Nicholas S. Schorsch sold 7,103,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $7.43, for a total transaction of $52,775,290.00. Following the completion of the transaction, the insider owned 19,907,384 shares in the company, valued at $147,911,863.12. This trade represents a 26.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward M. Jr. Weil sold 150,000 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $7.61, for a total value of $1,141,500.00. Following the transaction, the chief executive officer owned 584,053 shares of the company's stock, valued at $4,444,643.33. This trade represents a 20.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,553,000 shares of company stock valued at $56,115,790 in the last 90 days. 0.37% of the stock is owned by corporate insiders.

Global Net Lease Stock Performance

Shares of GNL traded up $0.10 during mid-day trading on Friday, hitting $7.87. The company's stock had a trading volume of 1,160,883 shares, compared to its average volume of 1,744,142. The firm has a market capitalization of $1.74 billion, a PE ratio of -5.46 and a beta of 1.20. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.13 and a current ratio of 0.13. Global Net Lease, Inc. has a one year low of $6.51 and a one year high of $9.10. The stock's 50-day moving average is $7.42 and its two-hundred day moving average is $7.56.

Global Net Lease (NYSE:GNL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. The business had revenue of $124.91 million for the quarter, compared to analysts' expectations of $138.38 million. Global Net Lease had a negative return on equity of 9.71% and a negative net margin of 43.75%. As a group, sell-side analysts anticipate that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 16th. Investors of record on Friday, July 11th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 9.7%. The ex-dividend date was Friday, July 11th. Global Net Lease's dividend payout ratio (DPR) is -52.78%.

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.