XTX Topco Ltd Takes Position 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 acquired 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 filing with the SEC. The institutional investor acquired 114,163 shares of the financial services provider's stock, valued at approximately $918,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GNL. Blair William & Co. IL grew its position in 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 worth $90,000 after purchasing an additional 1,433 shares during the period. Allworth Financial LP boosted its holdings in Global Net Lease by 15.8% during the first quarter. Allworth Financial LP now owns 11,940 shares of the financial services provider's stock worth $89,000 after buying an additional 1,626 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in Global Net Lease by 8.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 21,006 shares of the financial services provider's stock worth $153,000 after buying an additional 1,655 shares in the last quarter. Arrow Investment Advisors LLC boosted its holdings in Global Net Lease by 10.6% during the first quarter. Arrow Investment Advisors LLC now owns 21,039 shares of the financial services provider's stock worth $169,000 after buying an additional 2,012 shares in the last quarter. Finally, Money Concepts Capital Corp boosted its holdings in 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 worth $470,000 after buying an additional 3,011 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JMP Securities restated a "market outperform" rating and set a $9.00 target price on shares of Global Net Lease in a research report on Thursday, June 12th. B. Riley assumed coverage on Global Net Lease in a research report on Tuesday, April 22nd. They set a "neutral" rating and a $8.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $8.33.

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. Also, insider Nicholas S. Schorsch sold 300,000 shares of Global Net Lease stock in a transaction dated 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 of the company's stock, valued at $143,722,124.72. This trade represents a 1.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,653,000 shares of company stock valued at $56,914,790. 0.37% of the stock is owned by insiders.

Global Net Lease Price Performance

Shares of NYSE:GNL traded up $0.55 during trading on Thursday, hitting $7.40. 2,206,350 shares of the stock were exchanged, compared to its average volume of 1,785,270. The company has a fifty day moving average price of $7.40 and a two-hundred day moving average price of $7.51. The company has a market cap of $1.69 billion, a PE ratio of -5.01 and a beta of 1.20. 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, Inc. has a 12-month low of $6.51 and a 12-month high of $9.10.

Global Net Lease (NYSE:GNL - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.06. The company had revenue of $132.42 million for 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%. On average, analysts forecast that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Investors of record on Friday, July 11th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 10.3%. The ex-dividend date was Friday, July 11th. Global Net Lease's dividend payout ratio is currently -51.35%.

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.