Universal Beteiligungs und Servicegesellschaft mbH Invests $355,000 in Global Net Lease, Inc. (NYSE:GNL)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment in Global Net Lease, purchasing 44,094 shares valued at approximately $355,000.
• Insider Nicholas S. Schorsch sold 7.1 million shares of Global Net Lease, representing a 26.3% decrease in his position, while CEO Edward M. Jr. Weil also sold 150,000 shares.
• Global Net Lease announced a quarterly dividend of $0.19 per share with an annualized yield of 11.0% and a payout ratio currently at -51.35%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Global Net Lease, Inc. (NYSE:GNL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 44,094 shares of the financial services provider's stock, valued at approximately $355,000.

Several other hedge funds and other institutional investors have also modified their holdings of GNL. Blair William & Co. IL raised its holdings in shares of Global Net Lease by 13.2% during the fourth quarter. Blair William & Co. IL now owns 12,300 shares of the financial services provider's stock valued at $90,000 after buying an additional 1,433 shares during the last quarter. Allworth Financial LP raised its stake in Global Net Lease by 15.8% during the 1st quarter. Allworth Financial LP now owns 11,940 shares of the financial services provider's stock valued at $89,000 after acquiring an additional 1,626 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in Global Net Lease by 8.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 21,006 shares of the financial services provider's stock worth $153,000 after acquiring an additional 1,655 shares during the period. Arrow Investment Advisors LLC grew its stake in shares of Global Net Lease by 10.6% in the first quarter. Arrow Investment Advisors LLC now owns 21,039 shares of the financial services provider's stock worth $169,000 after purchasing an additional 2,012 shares in the last quarter. Finally, Money Concepts Capital Corp increased its holdings in shares of Global Net Lease by 5.4% during the first quarter. Money Concepts Capital Corp now owns 58,517 shares of the financial services provider's stock valued at $470,000 after purchasing an additional 3,011 shares during the period. 61.19% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Nicholas S. Schorsch sold 300,000 shares of the stock in a transaction 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 completion of the transaction, the insider owned 19,607,384 shares in the company, valued at $143,722,124.72. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward M. Jr. Weil sold 150,000 shares of the company's stock in a transaction dated 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 sale, the chief executive officer directly owned 584,053 shares of the company's stock, valued at $4,444,643.33. This represents a 20.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,653,000 shares of company stock worth $56,914,790 over the last ninety days. 0.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JMP Securities reiterated a "market outperform" rating and issued a $9.00 target price on shares of Global Net Lease in a research report on Thursday, June 12th. B. Riley began coverage on shares of Global Net Lease in a report 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, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $8.33.

Global Net Lease Price Performance

GNL stock traded down $0.05 during trading hours on Tuesday, hitting $6.87. 1,558,310 shares of the stock traded hands, compared to its average volume of 1,888,775. The stock has a 50-day simple moving average of $7.43 and a 200 day simple moving average of $7.52. The company has a market cap of $1.57 billion, a P/E ratio of -4.64 and a beta of 1.20. Global Net Lease, Inc. has a one year low of $6.51 and a one year high of $9.10. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.76.

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, beating the consensus estimate of $0.23 by $0.06. The business had revenue of $132.42 million during the quarter, compared to analyst estimates of $187.40 million. Global Net Lease had a negative net margin of 40.64% and a negative return on equity of 9.23%. Equities analysts forecast that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Dividend Announcement

The business also recently announced 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 11.1%. Global Net Lease's payout ratio is -51.35%.

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.