BTC Capital Management Inc. Makes New $317,000 Investment in Global Net Lease, Inc. (NYSE:GNL)

BTC Capital Management Inc. acquired a new position in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 39,482 shares of the financial services provider's stock, valued at approximately $317,000.

Several other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp increased its position in shares of Global Net Lease by 26.3% during the fourth quarter. Northern Trust Corp now owns 2,612,357 shares of the financial services provider's stock valued at $19,070,000 after acquiring an additional 544,719 shares during the last quarter. Barclays PLC boosted its position in Global Net Lease by 312.3% in the third quarter. Barclays PLC now owns 339,701 shares of the financial services provider's stock worth $2,859,000 after purchasing an additional 257,310 shares during the last quarter. US Bancorp DE grew its stake in Global Net Lease by 363.2% in the 4th quarter. US Bancorp DE now owns 6,072 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 4,761 shares during the period. Swiss National Bank increased its position in shares of Global Net Lease by 0.8% during the 4th quarter. Swiss National Bank now owns 385,257 shares of the financial services provider's stock valued at $2,812,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Global Net Lease by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 960,682 shares of the financial services provider's stock valued at $7,013,000 after purchasing an additional 27,564 shares during the last quarter. Institutional investors own 61.19% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley started coverage on shares of Global Net Lease in a report 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Global Net Lease presently has a consensus rating of "Moderate Buy" and an average target price of $9.00.

Global Net Lease Stock Performance

Shares of NYSE:GNL traded down $0.02 during mid-day trading on Tuesday, reaching $7.69. The company had a trading volume of 1,442,081 shares, compared to its average volume of 1,539,656. Global Net Lease, Inc. has a one year low of $6.51 and a one year high of $9.11. 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's 50-day moving average price is $7.61 and its 200-day moving average price is $7.48. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -8.18 and a beta of 1.22.

Global Net Lease (NYSE:GNL - Get Free Report) last released its 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. The business had revenue of $132.42 million during the quarter, compared to the consensus estimate of $187.40 million. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. As a group, equities research analysts anticipate that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, April 11th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date of this dividend was Friday, April 11th. Global Net Lease's dividend payout ratio is currently -51.35%.

Insider Buying and Selling at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch sold 200,000 shares of Global Net Lease stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $7.95, for a total value of $1,590,000.00. Following the completion of the transaction, the insider now owns 1,629,073 shares in the company, valued at $12,951,130.35. This trade represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.