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

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CoreCap Advisors LLC acquired a new stake in Global Net Lease during the fourth quarter worth about $25,000. US Bancorp DE boosted its stake in 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 buying an additional 4,761 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in 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 worth $49,000 after buying an additional 3,624 shares during the period. Coldstream Capital Management Inc. purchased a new position in Global Net Lease during the fourth quarter worth about $73,000. Finally, Allworth Financial LP boosted its stake in Global Net Lease by 157.6% during the fourth quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider's stock worth $74,000 after buying an additional 6,310 shares during the period. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 shares were sold at an average price of $7.95, for a total value of $1,590,000.00. Following the completion of the transaction, the insider now owns 1,629,073 shares in the company, valued at $12,951,130.35. The trade was a 10.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is owned by insiders.

Global Net Lease Stock Up 2.1%

Shares of NYSE GNL traded up $0.16 during midday trading on Friday, hitting $7.72. The company's stock had a trading volume of 1,484,476 shares, compared to its average volume of 1,544,272. The business's fifty day simple moving average is $7.63 and its two-hundred day simple moving average is $7.47. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. Global Net Lease, Inc. has a 1 year low of $6.51 and a 1 year high of $9.11. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of -8.21 and a beta of 1.22.

Global Net Lease (NYSE:GNL - Get Free Report) last posted 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. Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The business had revenue of $132.42 million during the quarter, compared to analyst estimates of $187.40 million. On average, equities analysts predict that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, April 11th were paid 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 9.84%. Global Net Lease's dividend 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 set a "neutral" rating and a $8.00 target price for the company. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $9.00.

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.