Global Net Lease, Inc. (NYSE:GNL) Insider Nicholas S. Schorsch Sells 300,000 Shares

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) insider Nicholas S. Schorsch sold 300,000 shares of Global Net Lease stock in a transaction on Friday, June 13th. The stock was sold at an average price of $7.33, for a total transaction of $2,199,000.00. Following the completion of the sale, the insider now owns 19,607,384 shares of the company's stock, valued at approximately $143,722,124.72. This trade represents a 1.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Global Net Lease Stock Performance

GNL traded down $0.13 during trading hours on Friday, hitting $7.37. 2,654,976 shares of the stock were exchanged, compared to its average volume of 1,562,045. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -7.84 and a beta of 1.22. The stock has a 50-day simple moving average of $7.60 and a 200-day simple moving average of $7.49. 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 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 results on Wednesday, May 7th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $132.42 million for the quarter, compared to the consensus estimate of $187.40 million. Analysts anticipate that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, April 11th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 10.31%. The ex-dividend date of this dividend was Friday, April 11th. Global Net Lease's dividend payout ratio (DPR) is -51.35%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC bought a new stake in Global Net Lease in the fourth quarter valued at $25,000. Ameriflex Group Inc. acquired a new stake in shares of Global Net Lease in the 4th quarter worth about $25,000. GF Fund Management CO. LTD. bought a new stake in Global Net Lease in the 4th quarter valued at about $26,000. US Bancorp DE lifted its position in Global Net Lease by 363.2% in the 4th quarter. US Bancorp DE now owns 6,072 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 4,761 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in Global Net Lease by 119.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 6,659 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 3,624 shares during the period. Institutional investors and hedge funds own 61.19% of the company's stock.

Analysts Set New Price Targets

GNL has been the subject of several recent analyst reports. B. Riley assumed coverage on shares of Global Net Lease in a report on Tuesday, April 22nd. They set a "neutral" rating and a $8.00 price objective for the company. JMP Securities reaffirmed a "market outperform" rating and set a $9.00 price target on shares of Global Net Lease in a research report on Thursday. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.00.

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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