Arete Wealth Advisors LLC Has $2.71 Million Stake in Global Net Lease, Inc. $GNL

Key Points

• Arete Wealth Advisors LLC increased its position in Global Net Lease, Inc. (NYSE:GNL) by 24.4%, owning approximately 336,680 shares valued at $2.7 million after acquiring additional shares in the first quarter.
• Global Net Lease recently reported an EPS of $0.24 for Q2, surpassing estimates, although it faced a negative net margin of 43.75%.
• The company declared a quarterly dividend of $0.19 per share, resulting in an annualized dividend yield of 9.5% with a payout ratio of -52.78%.

Arete Wealth Advisors LLC increased its stake in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 24.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 336,680 shares of the financial services provider's stock after purchasing an additional 65,969 shares during the period. Arete Wealth Advisors LLC owned approximately 0.15% of Global Net Lease worth $2,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new position in shares of Global Net Lease during the 4th quarter worth about $25,000. Ameriflex Group Inc. acquired a new position in shares of Global Net Lease during the 4th quarter worth about $25,000. GF Fund Management CO. LTD. acquired a new position in shares of Global Net Lease during the 4th quarter worth about $26,000. Atlas Private Wealth Advisors acquired a new position in shares of Global Net Lease during the 1st quarter worth about $85,000. Finally, Callan Family Office LLC acquired a new position in shares of Global Net Lease during the 1st quarter worth about $85,000. 61.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GNL shares. JMP Securities restated 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. Wall Street Zen raised shares of Global Net Lease from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. KeyCorp raised shares of Global Net Lease from a "sector weight" rating to an "overweight" rating and set a $9.00 price target on the stock in a report on Tuesday, August 19th. Finally, Colliers Securities raised shares of Global Net Lease from a "neutral" rating to a "buy" rating and set a $12.00 price target on the stock in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.20.

Global Net Lease Price Performance

Shares of NYSE GNL traded down $0.11 during trading hours on Friday, hitting $8.22. 1,153,649 shares of the stock were exchanged, compared to its average volume of 1,113,926. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market cap of $1.82 billion, a PE ratio of -5.71 and a beta of 1.22. The company's fifty day simple moving average is $7.53 and its two-hundred day simple moving average is $7.62. Global Net Lease, Inc. has a 1-year low of $6.51 and a 1-year high of $9.10.

Global Net Lease (NYSE:GNL - Get Free Report) last posted 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. The business had revenue of $124.91 million for the quarter, compared to analyst estimates of $138.38 million. Global Net Lease had a negative net margin of 43.75% and a negative return on equity of 9.71%. On average, sell-side analysts predict that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Friday, July 11th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date was Friday, July 11th. Global Net Lease's dividend payout ratio is presently -52.78%.

Insider Activity at Global Net Lease

In other news, CEO Edward M. Jr. Weil sold 150,000 shares of Global Net Lease 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 transaction, the chief executive officer owned 584,053 shares in the company, valued at approximately $4,444,643.33. The trade was a 20.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.37% of the company's stock.

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.