Taconic Capital Advisors LP Makes New $7.30 Million Investment in Global Net Lease, Inc. (NYSE:GNL)

Taconic Capital Advisors LP acquired a new position in Global Net Lease, Inc. (NYSE:GNL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,000,000 shares of the financial services provider's stock, valued at approximately $7,300,000. Global Net Lease makes up 2.6% of Taconic Capital Advisors LP's investment portfolio, making the stock its 6th largest position. Taconic Capital Advisors LP owned 0.43% of Global Net Lease at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in Global Net Lease by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,171,758 shares of the financial services provider's stock worth $30,454,000 after buying an additional 112,908 shares in the last quarter. Invesco Ltd. grew its stake in shares of Global Net Lease by 14.8% during the 4th quarter. Invesco Ltd. now owns 3,575,498 shares of the financial services provider's stock valued at $26,101,000 after acquiring an additional 461,173 shares during the period. Helix Partners Management LP purchased a new stake in Global Net Lease in the 4th quarter worth approximately $24,455,000. Northern Trust Corp raised its stake in 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 worth $19,070,000 after acquiring an additional 544,719 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in Global Net Lease by 0.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,344,533 shares of the financial services provider's stock valued at $17,115,000 after purchasing an additional 21,823 shares in the last quarter. 61.19% of the stock is owned by institutional investors.

Insider Transactions at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of Global Net Lease 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 sale, the insider now owns 1,629,073 shares of the company's stock, valued at $12,951,130.35. The trade was a 10.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.37% of the company's stock.

Global Net Lease Price Performance

NYSE GNL traded up $0.16 during trading hours on Friday, reaching $7.72. The company's stock had a trading volume of 957,969 shares, compared to its average volume of 1,714,225. Global Net Lease, Inc. has a 1 year low of $6.51 and a 1 year high of $9.10. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -8.20 and a beta of 1.22. The firm's 50-day moving average price is $7.64 and its 200-day moving average price is $7.47.

Global Net Lease (NYSE:GNL - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. The firm had revenue of $132.42 million for the quarter, compared to the consensus estimate of $187.40 million. Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. On average, equities research analysts predict that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders 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 annualized dividend and a dividend yield of 9.85%. Global Net Lease's dividend payout ratio (DPR) is -51.35%.

Wall Street Analyst Weigh In

Separately, B. Riley started 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 research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.00.

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.