Blue Sky Capital Consultants Group Inc. Invests $1.66 Million in Global Net Lease, Inc. (NYSE:GNL)

Blue Sky Capital Consultants Group Inc. purchased a new position in Global Net Lease, Inc. (NYSE:GNL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 227,290 shares of the financial services provider's stock, valued at approximately $1,659,000. Global Net Lease accounts for about 1.0% of Blue Sky Capital Consultants Group Inc.'s investment portfolio, making the stock its 26th largest position. Blue Sky Capital Consultants Group Inc. owned about 0.10% of Global Net Lease at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GNL. Blair William & Co. IL grew its position in shares of Global Net Lease by 13.2% in the 4th quarter. Blair William & Co. IL now owns 12,300 shares of the financial services provider's stock worth $90,000 after buying an additional 1,433 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Global Net Lease by 1.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,582 shares of the financial services provider's stock worth $1,020,000 after buying an additional 1,465 shares during the last quarter. Summit Investment Advisors Inc. grew its position in shares of Global Net Lease by 8.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 21,006 shares of the financial services provider's stock worth $153,000 after buying an additional 1,655 shares during the last quarter. Apeiron RIA LLC grew its stake in Global Net Lease by 7.4% in the fourth quarter. Apeiron RIA LLC now owns 32,084 shares of the financial services provider's stock worth $234,000 after purchasing an additional 2,200 shares during the period. Finally, Metis Global Partners LLC grew its stake in Global Net Lease by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 22,700 shares of the financial services provider's stock worth $166,000 after purchasing an additional 2,318 shares during the period. 61.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch sold 100,000 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $7.99, for a total value of $799,000.00. Following the completion of the transaction, the insider now owns 1,529,073 shares in the company, valued at $12,217,293.27. The trade was a 6.14% 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. Company insiders own 0.37% of the company's stock.

Global Net Lease Stock Down 0.4%

GNL traded down $0.04 during trading on Wednesday, reaching $7.80. The stock had a trading volume of 891,079 shares, compared to its average volume of 1,541,373. The stock's 50 day moving average is $7.62 and its two-hundred day moving average is $7.47. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of -8.29 and a beta of 1.22. Global Net Lease, Inc. has a one year low of $6.51 and a one year high of $9.11.

Global Net Lease (NYSE:GNL - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.29 EPS for the quarter, topping 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 business had revenue of $132.42 million for the quarter, compared to the consensus estimate of $187.40 million. As a group, analysts expect that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, April 11th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 9.75%. The ex-dividend date of this dividend was Friday, April 11th. Global Net Lease's dividend payout ratio (DPR) is -51.35%.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on Global Net Lease in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $8.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $9.00.

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.