Charles Schwab Investment Management Inc. Has $33.23 Million Stake in Global Net Lease, Inc. $GNL

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Global Net Lease, Inc. by 0.9%, now owning approximately 1.81% of the company, worth $33.2 million.
• Other institutional investors, such as Northern Trust Corp and Allianz Asset Management GmbH, have significantly increased their holdings in Global Net Lease, highlighting growing interest in the stock.
• The company recently reported quarterly earnings with an EPS of $0.24, surpassing expectations, and announced a dividend yielding 10.1% annually.

Charles Schwab Investment Management Inc. decreased its holdings in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,132,493 shares of the financial services provider's stock after selling 39,265 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.81% of Global Net Lease worth $33,225,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CoreCap Advisors LLC bought a new position in Global Net Lease in the 4th quarter valued at $25,000. Ameriflex Group Inc. bought a new position in Global Net Lease in the 4th quarter valued at $25,000. GF Fund Management CO. LTD. bought a new position in Global Net Lease in the 4th quarter valued at $26,000. Coldstream Capital Management Inc. bought a new position in Global Net Lease in the 4th quarter valued at $73,000. Finally, Atlas Private Wealth Advisors bought a new position in Global Net Lease in the 1st quarter valued at $85,000. Institutional investors own 61.19% of the company's stock.

Insider Transactions at Global Net Lease

In related news, insider Nicholas S. Schorsch sold 300,000 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $7.33, for a total value of $2,199,000.00. Following the completion of the sale, the insider owned 19,607,384 shares in the company, valued at approximately $143,722,124.72. This represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Edward M. Jr. Weil sold 150,000 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $7.61, for a total value of $1,141,500.00. Following the completion of the transaction, the chief executive officer directly owned 584,053 shares of the company's stock, valued at approximately $4,444,643.33. The trade was a 20.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,553,000 shares of company stock valued at $56,115,790 in the last quarter. 0.37% of the stock is currently owned by corporate insiders.

Global Net Lease Trading Up 1.1%

NYSE GNL traded up $0.0890 on Friday, reaching $7.8490. The company had a trading volume of 1,306,357 shares, compared to its average volume of 1,663,371. The stock's 50 day moving average is $7.39 and its 200-day moving average is $7.54. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -5.45 and a beta of 1.20. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.90. Global Net Lease, Inc. has a 52 week low of $6.51 and a 52 week high of $9.10.

Global Net Lease (NYSE:GNL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. The business had revenue of $124.91 million during the quarter, compared to the consensus estimate of $138.38 million. Global Net Lease had a negative return on equity of 9.71% and a negative net margin of 43.75%. Equities analysts predict that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Investors of record on Friday, July 11th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date was Friday, July 11th. Global Net Lease's dividend payout ratio is currently -52.78%.

Analysts Set New Price Targets

GNL has been the subject of a number of recent research reports. JMP Securities restated a "market outperform" rating and set a $9.00 target price on shares of Global Net Lease in a research report on Thursday, June 12th. Colliers Securities upgraded Global Net Lease from a "neutral" rating to a "buy" rating and set a $12.00 target price for the company in a research report on Thursday, August 7th. KeyCorp upgraded Global Net Lease from a "sector weight" rating to an "overweight" rating and set a $9.00 target price for the company in a research report on Tuesday. Finally, Wall Street Zen upgraded Global Net Lease from a "sell" rating to a "hold" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $9.20.

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.