Deutsche Bank AG Lowers Position in Global Net Lease, Inc. $GNL

Key Points

• Deutsche Bank AG reduced its stake in Global Net Lease, Inc. by 12.1%, now holding 337,886 shares worth approximately $2.72 million.
• The company reported earnings of $0.24 per share for the last quarter, exceeding estimates, but had a negative net margin of 43.75%.
• Global Net Lease declared a quarterly dividend of $0.19 per share, representing a 9.8% yield based on an annualized payout of $0.76.

Deutsche Bank AG reduced its holdings in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) by 12.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 337,886 shares of the financial services provider's stock after selling 46,729 shares during the period. Deutsche Bank AG owned 0.15% of Global Net Lease worth $2,717,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Northern Trust Corp lifted its position in Global Net Lease by 26.3% during the 4th 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 period. Brown Advisory Inc. lifted its position in Global Net Lease by 0.9% during the 1st quarter. Brown Advisory Inc. now owns 2,305,031 shares of the financial services provider's stock valued at $18,532,000 after acquiring an additional 20,450 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Global Net Lease by 7.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,132,709 shares of the financial services provider's stock valued at $15,569,000 after acquiring an additional 141,845 shares during the period. Taconic Capital Advisors LP purchased a new position in Global Net Lease during the 4th quarter valued at about $7,300,000. Finally, Principal Financial Group Inc. lifted its position in Global Net Lease by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 986,423 shares of the financial services provider's stock valued at $7,931,000 after acquiring an additional 25,741 shares during the period. 61.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Global Net Lease news, CEO Edward M. Jr. Weil sold 150,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $4,444,643.33. This represents a 20.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicholas S. Schorsch sold 7,103,000 shares of the business's stock in a transaction on Thursday, June 12th. The stock was 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 in the company, valued at $147,911,863.12. This trade represents a 26.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,553,000 shares of company stock valued at $56,115,790. Company insiders own 0.37% of the company's stock.

Global Net Lease Stock Performance

NYSE GNL traded up $0.0890 during trading hours on Friday, hitting $7.8490. 1,306,357 shares of the company's stock traded hands, compared to its average volume of 1,663,371. The firm has a market capitalization of $1.73 billion, a P/E ratio of -5.45 and a beta of 1.20. Global Net Lease, Inc. has a 52 week low of $6.51 and a 52 week high of $9.10. The business's fifty day moving average price is $7.39 and its two-hundred day moving average price is $7.54. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.90.

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

Global Net Lease Dividend Announcement

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

Analyst Ratings Changes

GNL has been the subject of a number of analyst reports. Colliers Securities upgraded shares of Global Net Lease from a "neutral" rating to a "buy" rating and set a $12.00 price objective for the company in a research note on Thursday, August 7th. JMP Securities reiterated a "market outperform" rating and set a $9.00 target price on shares of Global Net Lease in a research note on Thursday, June 12th. KeyCorp upgraded shares of 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, August 19th. Finally, Wall Street Zen upgraded shares of Global Net Lease from a "sell" rating to a "hold" rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Global Net Lease currently has an average rating of "Moderate Buy" and an average price target of $9.20.

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.