Deutsche Bank AG Trims Stock 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 stake in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 12.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,886 shares of the financial services provider's stock after selling 46,729 shares during the quarter. Deutsche Bank AG owned about 0.15% of Global Net Lease worth $2,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Northern Trust Corp raised its stake in Global Net Lease by 26.3% in 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 purchasing an additional 544,719 shares in the last quarter. Principal Financial Group Inc. raised its stake in Global Net Lease by 2.7% in the first quarter. Principal Financial Group Inc. now owns 986,423 shares of the financial services provider's stock valued at $7,931,000 after purchasing an additional 25,741 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Global Net Lease by 177.1% during the first quarter. Allianz Asset Management GmbH now owns 386,718 shares of the financial services provider's stock worth $3,109,000 after acquiring an additional 247,140 shares in the last quarter. M&T Bank Corp raised its stake in shares of Global Net Lease by 185.8% during the first quarter. M&T Bank Corp now owns 34,749 shares of the financial services provider's stock worth $279,000 after acquiring an additional 22,590 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Global Net Lease during the first quarter worth approximately $355,000. 61.19% of the stock is owned by hedge funds and other institutional investors.

Global Net Lease Trading Down 1.6%

Shares of Global Net Lease stock traded down $0.1250 on Monday, hitting $7.7350. The stock had a trading volume of 828,986 shares, compared to its average volume of 1,655,422. 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 one year low of $6.51 and a one year high of $9.10. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -5.37 and a beta of 1.20. The stock's 50-day simple moving average is $7.40 and its two-hundred day simple moving average is $7.55.

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

Global Net Lease Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Friday, July 11th were issued a $0.19 dividend. The ex-dividend date was Friday, July 11th. This represents a $0.76 annualized dividend and a dividend yield of 9.8%. Global Net Lease's dividend payout ratio (DPR) is currently -52.78%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wall Street Zen raised shares of Global Net Lease from a "sell" rating to a "hold" rating in a research note on Friday. KeyCorp raised shares of Global Net Lease from a "sector weight" rating to an "overweight" rating and set a $9.00 price target on the stock in a research note on Tuesday, August 19th. JMP Securities reissued a "market outperform" rating and set a $9.00 price target on shares of Global Net Lease in a research note on Thursday, June 12th. Finally, Colliers Securities raised shares of Global Net Lease from a "neutral" rating to a "buy" rating and set a $12.00 price target on the stock in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Global Net Lease currently has an average rating of "Moderate Buy" and an average target price of $9.20.

Insider Activity at Global Net Lease

In other news, insider Nicholas S. Schorsch sold 7,103,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $7.43, for a total value of $52,775,290.00. Following the transaction, the insider owned 19,907,384 shares in the company, valued at approximately $147,911,863.12. This trade represents a 26.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward M. Jr. Weil sold 150,000 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The stock was 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 in the company, valued at $4,444,643.33. This represents a 20.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,553,000 shares of company stock worth $56,115,790 in the last 90 days. 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.