Blue Sky Capital Consultants Group Inc. Acquires 75,807 Shares of Global Net Lease, Inc. (NYSE:GNL)

Key Points

• Blue Sky Capital Consultants Group Inc. has increased its stake in Global Net Lease, Inc. by 33.4%, now owning 303,097 shares valued at approximately $2.4 million.
• Analysts have set an average target price of $8.33 for Global Net Lease shares, with ratings ranging from "strong buy" to "hold".
• Insider trading activity includes significant sales, with insider Nicholas S. Schorsch selling 300,000 shares and CEO Edward M. Jr. Weil selling 150,000 shares recently.

Blue Sky Capital Consultants Group Inc. lifted its stake in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 33.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,097 shares of the financial services provider's stock after purchasing an additional 75,807 shares during the quarter. Global Net Lease comprises approximately 1.6% of Blue Sky Capital Consultants Group Inc.'s holdings, making the stock its 22nd largest position. Blue Sky Capital Consultants Group Inc. owned 0.13% of Global Net Lease worth $2,437,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. raised its stake in Global Net Lease by 14.8% during the 4th quarter. Invesco Ltd. now owns 3,575,498 shares of the financial services provider's stock valued at $26,101,000 after buying an additional 461,173 shares during the last quarter. Northern Trust Corp increased its stake in shares of Global Net Lease by 26.3% in the 4th quarter. Northern Trust Corp now owns 2,612,357 shares of the financial services provider's stock worth $19,070,000 after purchasing an additional 544,719 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Global Net Lease by 0.9% in the 1st quarter. Brown Advisory Inc. now owns 2,305,031 shares of the financial services provider's stock worth $18,532,000 after purchasing an additional 20,450 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Global Net Lease by 7.1% in the 4th 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 purchasing an additional 141,845 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Global Net Lease by 107.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,269,118 shares of the financial services provider's stock worth $9,265,000 after purchasing an additional 656,890 shares in the last quarter. 61.19% of the stock is owned by institutional investors.

Global Net Lease Price Performance

GNL stock traded down $0.02 during trading on Tuesday, reaching $6.91. The company's stock had a trading volume of 403,915 shares, compared to its average volume of 1,773,022. Global Net Lease, Inc. has a 1 year low of $6.51 and a 1 year high of $9.10. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $1.58 billion, a P/E ratio of -4.67 and a beta of 1.20. The company's fifty day moving average is $7.43 and its 200-day moving average is $7.52.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.06. Global Net Lease had a negative return on equity of 9.23% and a negative net margin of 40.64%. The business had revenue of $132.42 million during the quarter, compared to analyst estimates of $187.40 million. On average, research analysts expect that Global Net Lease, Inc. will post 1.26 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The business also recently disclosed 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. This represents a $0.76 annualized dividend and a dividend yield of 11.0%. The ex-dividend date of this dividend was Friday, July 11th. Global Net Lease's dividend payout ratio is -51.35%.

Insider Activity

In other Global Net Lease news, CEO Edward M. Jr. Weil sold 150,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 584,053 shares of the company's stock, valued at $4,444,643.33. This represents a 20.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas S. Schorsch sold 7,103,000 shares of the stock in a transaction dated 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 transaction, the insider directly owned 19,907,384 shares of the company's stock, valued at approximately $147,911,863.12. The trade was a 26.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,653,000 shares of company stock valued at $56,914,790 in the last three months. Insiders own 0.37% of the company's stock.

Analyst Ratings Changes

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

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.