Advisors Asset Management Inc. Increases Holdings in Global Net Lease, Inc. $GNL

Key Points

• Advisors Asset Management Inc. increased its stake in Global Net Lease, Inc. by 5.6% during Q1, owning approximately 1.5 million shares valued at $12.15 million.
• Several institutional investors have significantly raised their positions in Global Net Lease, with Northern Trust Corp increasing its holdings by 26.3% in the last quarter.
• Global Net Lease recently reported earnings of $0.24 EPS for the quarter, surpassing estimates, and declared a quarterly dividend of $0.19 per share, offering a yield of 9.7%.

Advisors Asset Management Inc. grew its position in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) by 5.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,511,377 shares of the financial services provider's stock after acquiring an additional 80,797 shares during the period. Advisors Asset Management Inc. owned about 0.66% of Global Net Lease worth $12,151,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of GNL. Northern Trust Corp grew its position in shares of Global Net Lease by 26.3% during the fourth quarter. Northern Trust Corp now owns 2,612,357 shares of the financial services provider's stock valued at $19,070,000 after purchasing an additional 544,719 shares in the last quarter. Conversant Capital LLC purchased a new stake in shares of Global Net Lease during the first quarter valued at $20,555,000. Brown Advisory Inc. boosted its holdings in Global Net Lease by 0.9% in the first quarter. Brown Advisory Inc. now owns 2,305,031 shares of the financial services provider's stock valued at $18,532,000 after purchasing an additional 20,450 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Global Net Lease by 7.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,132,709 shares of the financial services provider's stock worth $15,569,000 after acquiring an additional 141,845 shares during the period. Finally, Taconic Capital Advisors LP acquired a new position in shares of Global Net Lease during the 4th quarter worth about $7,300,000. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on GNL shares. Colliers Securities upgraded shares of Global Net Lease from a "neutral" rating to a "buy" rating and set a $12.00 price target for the company in a 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 price objective on the stock in a report on Tuesday, August 19th. 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. Finally, JMP Securities reiterated a "market outperform" rating and set a $9.00 price objective on shares of Global Net Lease in a research note on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $9.20.

Global Net Lease Stock Performance

Global Net Lease stock traded up $0.03 on Monday, hitting $8.06. The company's stock had a trading volume of 310,351 shares, compared to its average volume of 1,723,424. The company has a fifty day moving average price of $7.47 and a 200-day moving average price of $7.60. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.90. Global Net Lease, Inc. has a one year low of $6.51 and a one year high of $9.10. The firm has a market cap of $1.78 billion, a P/E ratio of -5.60 and a beta of 1.22.

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

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Friday, July 11th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.76 annualized dividend and a yield of 9.4%. Global Net Lease's dividend payout ratio (DPR) is currently -52.78%.

Insiders Place Their Bets

In related news, CEO Edward M. Jr. Weil sold 150,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 584,053 shares of the company's stock, valued at $4,444,643.33. The trade was a 20.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nicholas S. Schorsch sold 300,000 shares of Global Net Lease stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $7.33, for a total value of $2,199,000.00. Following the completion of the transaction, the insider owned 19,607,384 shares in the company, valued at approximately $143,722,124.72. This represents a 1.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,553,000 shares of company stock valued at $56,115,790 in the last three months. 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.