Global Net Lease, Inc. (NYSE:GNL) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,007,798 shares of the financial services provider's stock after selling 40,798 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.44% of Global Net Lease worth $7,357,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. CoreCap Advisors LLC bought a new position in shares of Global Net Lease in the fourth quarter worth about $25,000. US Bancorp DE increased its position in shares of Global Net Lease by 363.2% during the fourth quarter. US Bancorp DE now owns 6,072 shares of the financial services provider's stock worth $44,000 after acquiring an additional 4,761 shares during the period. Creative Financial Designs Inc. ADV raised its stake in shares of Global Net Lease by 119.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 6,659 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 3,624 shares in the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of Global Net Lease in the fourth quarter valued at approximately $73,000. Finally, Allworth Financial LP grew its stake in Global Net Lease by 157.6% in the fourth quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider's stock worth $74,000 after purchasing an additional 6,310 shares in the last quarter. 61.19% of the stock is owned by institutional investors.

Global Net Lease Stock Performance

NYSE:GNL traded up $0.02 during midday trading on Thursday, hitting $7.59. The company's stock had a trading volume of 174,941 shares, compared to its average volume of 1,674,170. Global Net Lease, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $9.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a market cap of $1.73 billion, a P/E ratio of -8.07 and a beta of 1.22. The firm's 50 day moving average is $7.60 and its 200-day moving average is $7.48.

Global Net Lease (NYSE:GNL - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. The company had revenue of $132.42 million for the quarter, compared to analyst estimates of $187.40 million. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. Equities analysts anticipate that Global Net Lease, Inc. will post 1.26 earnings per share 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. Shareholders of record on Friday, April 11th were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.76 dividend on an annualized basis and a yield of 10.02%. Global Net Lease's payout ratio is currently -51.35%.

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated coverage on shares of Global Net Lease in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $8.00 price objective for the company. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Global Net Lease currently has a consensus rating of "Moderate Buy" and an average price target of $9.00.

Insiders Place Their Bets

In related news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total value of $1,590,000.00. Following the completion of the sale, the insider now owns 1,629,073 shares of the company's stock, valued at approximately $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 can be accessed through this link. 0.37% of the stock is currently owned by corporate insiders.

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.