XTX Topco Ltd Makes New $918,000 Investment in Global Net Lease, Inc. (NYSE:GNL)

Key Points

• XTX Topco Ltd has made a new investment of approximately $918,000 in Global Net Lease, acquiring 114,163 shares in the process.
• Institutional investors control 61.19% of Global Net Lease's stock, with notable transactions from JPMorgan Chase & Co. and others in the past quarter.
• Global Net Lease recently announced a quarterly dividend of $0.19 per share, representing an annualized yield of 11.0%.

XTX Topco Ltd purchased a new stake in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 114,163 shares of the financial services provider's stock, valued at approximately $918,000.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Global Net Lease during the fourth quarter valued at $227,000. KLP Kapitalforvaltning AS bought a new position in shares of Global Net Lease in the fourth quarter worth about $282,000. LPL Financial LLC raised its stake in shares of Global Net Lease by 1.8% in the fourth quarter. LPL Financial LLC now owns 280,271 shares of the financial services provider's stock worth $2,046,000 after buying an additional 4,908 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Global Net Lease by 107.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,269,118 shares of the financial services provider's stock valued at $9,265,000 after buying an additional 656,890 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in shares of Global Net Lease by 13.2% during the 4th quarter. Blair William & Co. IL now owns 12,300 shares of the financial services provider's stock valued at $90,000 after acquiring an additional 1,433 shares during the period. Institutional investors own 61.19% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GNL shares. B. Riley started coverage on shares of Global Net Lease in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $8.00 target price for the company. JMP Securities reissued a "market outperform" rating and issued a $9.00 price objective on shares of Global Net Lease in a research note on Thursday, June 12th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $8.33.

Insiders Place Their Bets

In other Global Net Lease news, insider Nicholas S. Schorsch sold 300,000 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $7.33, for a total value of $2,199,000.00. Following the sale, the insider owned 19,607,384 shares in the company, valued at $143,722,124.72. The trade was a 1.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward M. Jr. Weil sold 150,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $7.61, for a total value of $1,141,500.00. Following the transaction, the chief executive officer owned 584,053 shares of the company's stock, valued at approximately $4,444,643.33. The trade was a 20.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,653,000 shares of company stock worth $56,914,790. 0.37% of the stock is currently owned by insiders.

Global Net Lease Stock Performance

NYSE GNL opened at $6.88 on Monday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.76. Global Net Lease, Inc. has a twelve month low of $6.51 and a twelve month high of $9.10. The business has a 50-day moving average price of $7.45 and a 200-day moving average price of $7.52. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -4.65 and a beta of 1.20.

Global Net Lease (NYSE:GNL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.06. Global Net Lease had a negative return on equity of 9.23% and a negative net margin of 40.64%. The company had revenue of $132.42 million for the quarter, compared to analysts' expectations of $187.40 million. As a group, equities research analysts predict that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Friday, July 11th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date was Friday, July 11th. Global Net Lease's payout ratio is currently -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.

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