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

Blue Sky Capital Consultants Group Inc. purchased a new position in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 227,290 shares of the financial services provider's stock, valued at approximately $1,659,000. Global Net Lease accounts for approximately 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 0.10% of Global Net Lease as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GNL. CoreCap Advisors LLC purchased a new stake in shares of Global Net Lease during the fourth quarter valued at approximately $25,000. GF Fund Management CO. LTD. purchased a new stake in Global Net Lease during the 4th quarter worth $26,000. US Bancorp DE increased its stake in Global Net Lease by 363.2% during the 4th quarter. US Bancorp DE now owns 6,072 shares of the financial services provider's stock worth $44,000 after buying an additional 4,761 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in Global Net Lease by 119.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 6,659 shares of the financial services provider's stock worth $49,000 after buying an additional 3,624 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in Global Net Lease in the 4th quarter valued at about $73,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Stock Up 0.6%

NYSE GNL traded up $0.05 during trading hours on Thursday, reaching $7.85. 292,250 shares of the company traded hands, compared to its average volume of 1,536,936. The stock has a market capitalization of $1.79 billion, a PE ratio of -8.35 and a beta of 1.22. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. Global Net Lease, Inc. has a 12 month low of $6.51 and a 12 month high of $9.11. The company has a 50 day moving average of $7.62 and a two-hundred day moving average of $7.47.

Global Net Lease (NYSE:GNL - Get Free Report) last issued its quarterly 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. The business had revenue of $132.42 million for the quarter, compared to analysts' expectations of $187.40 million. Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. As a group, equities analysts expect that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Friday, April 11th were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.76 annualized dividend and a dividend yield of 9.69%. Global Net Lease's payout ratio is -51.35%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, major shareholder Nicholas S. Schorsch sold 100,000 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $7.99, for a total transaction of $799,000.00. Following the sale, the insider now owns 1,529,073 shares in the company, valued at $12,217,293.27. This represents a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.