MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $13.63 Million Position in Global Net Lease, Inc. $GNL

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Global Net Lease by 20.5%, selling 437,408 shares during the first quarter, leaving it with 1,695,301 shares valued at $13.6 million.
• Global Net Lease stock received various upgrades, with Colliers Securities raising its rating to "buy" and setting a price target of $12.00, while the average target price is currently $9.20.
• The company declared a quarterly dividend of $0.19 per share, representing an annualized yield of 9.1%, despite a negative payout ratio of -52.78%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its position in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) by 20.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,695,301 shares of the financial services provider's stock after selling 437,408 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.74% of Global Net Lease worth $13,630,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in shares of Global Net Lease during the fourth quarter worth approximately $25,000. CoreCap Advisors LLC acquired a new stake in shares of Global Net Lease in the 4th quarter worth approximately $25,000. GF Fund Management CO. LTD. bought a new position in shares of Global Net Lease in the fourth quarter valued at approximately $26,000. Atlas Private Wealth Advisors acquired a new position in shares of Global Net Lease during the first quarter valued at approximately $85,000. Finally, Callan Family Office LLC acquired a new position in shares of Global Net Lease during the first quarter valued at approximately $85,000. Institutional investors and hedge funds own 61.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Global Net Lease from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. JMP Securities restated a "market outperform" rating and issued a $9.00 price objective on shares of Global Net Lease in a report on Thursday, June 12th. KeyCorp raised 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 note on Tuesday, August 19th. Finally, Colliers Securities upgraded 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 report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $9.20.

Global Net Lease Price Performance

Shares of NYSE GNL traded down $0.11 during trading on Friday, hitting $8.22. The company had a trading volume of 1,153,649 shares, compared to its average volume of 1,113,926. Global Net Lease, Inc. has a 52 week low of $6.51 and a 52 week high of $9.10. The business's 50-day moving average is $7.53 and its 200 day moving average is $7.62. The company has a market cap of $1.82 billion, a P/E ratio of -5.71 and a beta of 1.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.13 and a current ratio of 0.13.

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 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 9.71% and a negative net margin of 43.75%. Equities research analysts predict that Global Net Lease, Inc. will post 1.26 earnings per share for the current fiscal year.

Global Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Investors of record on Friday, July 11th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.76 dividend on an annualized basis and a yield of 9.2%. Global Net Lease's dividend payout ratio (DPR) is currently -52.78%.

Insider Transactions at Global Net Lease

In other Global Net Lease news, CEO Edward M. Jr. Weil sold 150,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer owned 584,053 shares in the company, valued at approximately $4,444,643.33. The trade was a 20.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.37% of the company's stock.

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.