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 that occurred 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 now directly owns 19,607,384 shares in the company, valued at approximately $143,722,124.72. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Global Net Lease Stock Down 0.5%

Global Net Lease stock traded down $0.04 during midday trading on Monday, reaching $7.36. The stock had a trading volume of 2,371,523 shares, compared to its average volume of 1,567,149. Global Net Lease, Inc. has a 1-year low of $6.51 and a 1-year high of $9.11. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. The firm's fifty day simple moving average is $7.60 and its 200-day simple moving average is $7.49. The stock has a market capitalization of $1.68 billion, a P/E ratio of -7.82 and a beta of 1.22.

Global Net Lease (NYSE:GNL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. The firm had revenue of $132.42 million for the quarter, compared to analysts' expectations of $187.40 million. Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. As a group, analysts expect that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Friday, April 11th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.33%. The ex-dividend date was Friday, April 11th. Global Net Lease's dividend payout ratio (DPR) is presently -51.35%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Global Net Lease

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

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.