Global Net Lease, Inc. (NYSE:GNL) CEO Sells $1,141,500.00 in Stock

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) CEO Edward M. Jr. Weil sold 150,000 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer owned 584,053 shares of the company's stock, valued at $4,444,643.33. This trade represents a 20.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Global Net Lease Stock Performance

Global Net Lease stock traded down $0.21 during trading hours on Friday, reaching $7.39. 1,589,301 shares of the company were exchanged, compared to its average volume of 1,596,110. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $7.65 and a 200 day moving average of $7.53. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of -4.99 and a beta of 1.19. Global Net Lease, Inc. has a 12 month low of $6.51 and a 12 month high of $9.11.

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, 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 business had revenue of $132.42 million for the quarter, compared to analyst estimates of $187.40 million. As a group, research analysts anticipate that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Friday, July 11th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.28%. The ex-dividend date of this dividend is Friday, July 11th. Global Net Lease's dividend payout ratio is currently -51.35%.

Hedge Funds Weigh In On Global Net Lease

Several large investors have recently added to or reduced their stakes in GNL. Blair William & Co. IL raised its stake in 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 worth $90,000 after acquiring an additional 1,433 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Global Net Lease by 1.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,582 shares of the financial services provider's stock worth $1,020,000 after purchasing an additional 1,465 shares in the last quarter. Allworth Financial LP lifted its holdings 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 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% in the fourth quarter. Summit Investment Advisors Inc. now owns 21,006 shares of the financial services provider's stock valued at $153,000 after acquiring an additional 1,655 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of Global Net Lease by 4.4% in the 1st quarter. Harbour Investments Inc. now owns 40,616 shares of the financial services provider's stock valued at $327,000 after purchasing an additional 1,723 shares during the last quarter. Institutional investors and hedge funds own 61.19% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on GNL. JMP Securities reiterated a "market outperform" rating and set a $9.00 price objective on shares of Global Net Lease in a research report on Thursday, June 12th. B. Riley initiated coverage on Global Net Lease in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $8.00 price target for the company. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $8.33.

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.

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