Wells Fargo & Company MN Acquires 35,344 Shares of Global Net Lease, Inc. (NYSE:GNL)

Wells Fargo & Company MN increased its position in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 33.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,987 shares of the financial services provider's stock after buying an additional 35,344 shares during the quarter. Wells Fargo & Company MN owned 0.06% of Global Net Lease worth $1,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in Global Net Lease by 363.2% in the fourth quarter. US Bancorp DE now owns 6,072 shares of the financial services provider's stock valued at $44,000 after buying an additional 4,761 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of Global Net Lease by 119.4% in 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. McIlrath & Eck LLC bought a new stake in shares of Global Net Lease during the 3rd quarter valued at about $67,000. Allworth Financial LP grew its stake in Global Net Lease by 157.6% during the fourth quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider's stock worth $74,000 after purchasing an additional 6,310 shares during the period. Finally, HB Wealth Management LLC acquired a new stake in Global Net Lease during the fourth quarter worth approximately $81,000. Institutional investors own 61.19% of the company's stock.

Insider Transactions at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total transaction of $1,590,000.00. Following the completion of the sale, the insider now owns 1,629,073 shares in the company, valued at approximately $12,951,130.35. This represents a 10.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on Global Net Lease in a report on Tuesday, April 22nd. They set a "neutral" rating and a $8.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.00.

Global Net Lease Stock Up 0.3 %

Shares of NYSE GNL traded up $0.02 during mid-day trading on Monday, reaching $7.50. 134,423 shares of the company's stock traded hands, compared to its average volume of 1,723,254. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The business has a 50-day simple moving average of $7.69 and a 200 day simple moving average of $7.48. The stock has a market cap of $1.72 billion, a P/E ratio of -7.98 and a beta of 1.22. Global Net Lease, Inc. has a 1-year low of $6.51 and a 1-year high of $9.10.

Global Net Lease Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, April 11th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 10.13%. The ex-dividend date was Friday, April 11th. Global Net Lease's dividend payout ratio is currently -100.00%.

Global Net Lease 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.