Strs Ohio Purchases New Stake in Global Net Lease, Inc. $GNL

Key Points

• Strs Ohio acquired a new stake in Global Net Lease, Inc. during Q1, purchasing 37,600 shares valued at approximately $302,000.
• Analysts have recently upgraded GNL's stock ratings, with Colliers Securities rating it as a "buy" and setting a price target of $12.00.
• The company's stock opened at $8.09, having recorded a twelve-month high of $8.85 and reported earnings per share of $0.24 in the latest quarter.

Strs Ohio purchased a new stake in Global Net Lease, Inc. (NYSE:GNL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,600 shares of the financial services provider's stock, valued at approximately $302,000.

Several other hedge funds have also recently bought and sold shares of the business. Intech Investment Management LLC raised its holdings in Global Net Lease by 15.8% in the first quarter. Intech Investment Management LLC now owns 156,334 shares of the financial services provider's stock valued at $1,257,000 after buying an additional 21,372 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Global Net Lease by 10.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,109,971 shares of the financial services provider's stock valued at $8,924,000 after buying an additional 102,173 shares during the period. United Services Automobile Association purchased a new position in Global Net Lease in the first quarter valued at approximately $94,000. Arete Wealth Advisors LLC raised its holdings in Global Net Lease by 24.4% in the first quarter. Arete Wealth Advisors LLC now owns 336,680 shares of the financial services provider's stock valued at $2,707,000 after buying an additional 65,969 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in Global Net Lease in the first quarter valued at approximately $296,000. Hedge funds and other institutional investors own 61.19% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on GNL shares. Colliers Securities raised 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 report on Thursday, August 7th. KeyCorp raised shares of Global Net Lease from a "sector weight" rating to an "overweight" rating and set a $9.00 price objective for the company in a research report on Tuesday, August 19th. JMP Securities reaffirmed a "market outperform" rating and issued a $9.00 price objective on shares of Global Net Lease in a research report on Thursday, June 12th. Finally, Wall Street Zen raised shares of Global Net Lease from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $9.20.

Global Net Lease Stock Up 0.4%

GNL stock opened at $8.09 on Wednesday. Global Net Lease, Inc. has a twelve month low of $6.51 and a twelve month high of $8.85. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $1.79 billion, a P/E ratio of -5.61 and a beta of 1.22. The firm has a 50 day simple moving average of $7.61 and a 200-day simple moving average of $7.63.

Global Net Lease (NYSE:GNL - Get Free Report) last released 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. Global Net Lease had a negative net margin of 43.75% and a negative return on equity of 9.71%. The business had revenue of $124.91 million during the quarter, compared to the consensus estimate of $138.38 million. On average, 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. Stockholders of record on Friday, July 11th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.4%. Global Net Lease's dividend payout ratio (DPR) is presently -52.78%.

Insider Buying and Selling at Global Net Lease

In other news, CEO Edward M. Jr. Weil sold 150,000 shares of the firm'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 transaction of $1,141,500.00. Following the completion of the sale, the chief executive officer owned 584,053 shares of the company's stock, valued at approximately $4,444,643.33. This trade represents a 20.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.37% of the company's stock.

About Global Net Lease

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.

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