Global Net Lease, Inc. (NYSE:GNL) Shares Purchased by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in Global Net Lease, Inc. by 177.1%, acquiring an additional 247,140 shares during the first quarter, bringing its total to 386,718 shares valued at approximately $3.1 million.
• CEO Edward M. Jr. Weil and insider Nicholas S. Schorsch recently sold a combined total of 450,000 shares of Global Net Lease, indicating a **20.43%** and **1.51%** decrease in their ownership, respectively.
• Global Net Lease reported a quarterly earnings per share (EPS) of $0.29, exceeding analysts' expectations of $0.23, but had a negative return on equity of **9.23%**.

Allianz Asset Management GmbH boosted its position in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) by 177.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 386,718 shares of the financial services provider's stock after purchasing an additional 247,140 shares during the period. Allianz Asset Management GmbH owned about 0.17% of Global Net Lease worth $3,109,000 as of its most recent SEC filing.

Other large 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 valued at about $25,000. Ameriflex Group Inc. purchased a new stake in shares of Global Net Lease in the 4th quarter worth approximately $25,000. GF Fund Management CO. LTD. purchased a new stake in shares of Global Net Lease in the 4th quarter worth approximately $26,000. Coldstream Capital Management Inc. purchased a new stake in shares of Global Net Lease in the 4th quarter worth approximately $73,000. Finally, Atlas Private Wealth Advisors purchased a new stake in shares of Global Net Lease in the 1st quarter worth approximately $85,000. 61.19% of the stock is owned by hedge funds and other institutional investors.

Global Net Lease Stock Performance

NYSE GNL traded down $0.11 during mid-day trading on Friday, reaching $6.88. 2,030,495 shares of the stock were exchanged, compared to its average volume of 1,782,907. The business's 50 day moving average is $7.47 and its 200-day moving average is $7.52. Global Net Lease, Inc. has a 1 year low of $6.51 and a 1 year high of $9.10. The company has a market capitalization of $1.57 billion, a P/E ratio of -4.65 and a beta of 1.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.11 and a current ratio of 0.11.

Global Net Lease (NYSE:GNL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.06. Global Net Lease had a negative net margin of 40.64% and a negative return on equity of 9.23%. The firm had revenue of $132.42 million for the quarter, compared to the consensus estimate of $187.40 million. On average, equities research analysts forecast that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Friday, July 11th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.76 annualized dividend and a dividend yield of 11.0%. Global Net Lease's dividend payout ratio (DPR) is presently -51.35%.

Analysts Set New Price Targets

GNL has been the subject of several research reports. JMP Securities reaffirmed a "market outperform" rating and issued a $9.00 price target on shares of Global Net Lease in a research report on Thursday, June 12th. B. Riley started coverage on shares of Global Net Lease in a research note on Tuesday, April 22nd. They set a "neutral" rating and a $8.00 price target on the stock. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $8.33.

Insider Activity at Global Net Lease

In other news, insider Nicholas S. Schorsch sold 7,103,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $7.43, for a total transaction of $52,775,290.00. Following the completion of the sale, the insider owned 19,907,384 shares in the company, valued at approximately $147,911,863.12. The trade was a 26.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward M. Jr. Weil sold 150,000 shares of the company's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $7.61, for a total transaction of $1,141,500.00. Following the completion of the sale, the chief executive officer owned 584,053 shares of the company's stock, valued at approximately $4,444,643.33. This trade represents a 20.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,653,000 shares of company stock valued at $56,914,790. 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.