Graham Capital Management L.P. Purchases Shares of 95,042 Global Net Lease, Inc. $GNL

Key Points

• Graham Capital Management L.P. has acquired a new stake of 95,042 shares in Global Net Lease, Inc. valued at approximately $764,000 during the first quarter of the year.
• Global Net Lease reported $0.24 earnings per share for the last quarter, exceeding the consensus estimate of $0.20, despite a negative net margin of 43.75%.
• The company recently declared a quarterly dividend of $0.19, representing a 9.6% dividend yield and an annualized payout of $0.76.

Graham Capital Management L.P. bought a new position in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 95,042 shares of the financial services provider's stock, valued at approximately $764,000.

A number of other institutional investors have also added to or reduced their stakes in GNL. Northern Trust Corp boosted its position in shares of 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 last quarter. Conversant Capital LLC purchased a new stake in Global Net Lease in the first quarter valued at approximately $20,555,000. Brown Advisory Inc. lifted its position in Global Net Lease by 0.9% during the first quarter. Brown Advisory Inc. now owns 2,305,031 shares of the financial services provider's stock valued at $18,532,000 after purchasing an additional 20,450 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Global Net Lease by 7.1% during the fourth 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 purchasing an additional 141,845 shares during the last quarter. Finally, Taconic Capital Advisors LP purchased a new position in Global Net Lease in the 4th quarter worth approximately $7,300,000. 61.19% of the stock is currently owned by institutional investors.

Global Net Lease Trading Up 1.3%

Shares of Global Net Lease stock traded up $0.11 during trading on Friday, reaching $8.04. The company's stock had a trading volume of 1,247,977 shares, compared to its average volume of 1,210,350. 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. The firm's 50-day moving average is $7.47 and its two-hundred day moving average is $7.60. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -5.58 and a beta of 1.22.

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

Global Net Lease Announces Dividend

The business also recently disclosed 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 9.5%. Global Net Lease's payout ratio is currently -52.78%.

Insider Transactions at Global Net Lease

In related news, CEO Edward M. Jr. Weil sold 150,000 shares of the 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nicholas S. Schorsch sold 300,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider owned 19,607,384 shares in the company, valued at approximately $143,722,124.72. The trade was a 1.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,553,000 shares of company stock valued at $56,115,790. 0.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on GNL. Wall Street Zen upgraded shares of Global Net Lease from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. JMP Securities reissued a "market outperform" rating and issued a $9.00 target price on shares of Global Net Lease in a research note on Thursday, June 12th. Colliers Securities raised Global Net Lease from a "neutral" rating to a "buy" rating and set a $12.00 price target for the company in a research note on Thursday, August 7th. Finally, KeyCorp upgraded Global Net Lease from a "sector weight" rating to an "overweight" rating and set a $9.00 price objective for the company in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus 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.