Global Net Lease, Inc. (NYSE:GNL) Insider Nicholas S. Schorsch Sells 7,103,000 Shares

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) insider Nicholas S. Schorsch sold 7,103,000 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $7.43, for a total transaction of $52,775,290.00. Following the completion of the sale, the insider now directly owns 19,907,384 shares in the company, valued at approximately $147,911,863.12. The trade was a 26.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Global Net Lease Price Performance

Shares of NYSE GNL traded down $0.04 during midday trading on Monday, reaching $7.36. 2,371,523 shares of the company were exchanged, compared to its average volume of 1,567,149. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. Global Net Lease, Inc. has a one year low of $6.51 and a one year high of $9.11. The stock has a market cap of $1.68 billion, a P/E ratio of -7.82 and a beta of 1.22. The stock's 50-day moving average price is $7.60 and its 200-day moving average price is $7.49.

Global Net Lease (NYSE:GNL - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.06. The firm 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 21.37% and a negative return on equity of 7.04%. On average, sell-side analysts anticipate that Global Net Lease, Inc. will post 1.26 earnings per share for the current fiscal year.

Global Net Lease Cuts Dividend

The business also recently announced 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 yield of 10.33%. The ex-dividend date of this dividend was Friday, April 11th. Global Net Lease's payout ratio is presently -51.35%.

Institutional Investors Weigh In On Global Net Lease

Several large investors have recently modified their holdings of GNL. CoreCap Advisors LLC bought a new position in shares of Global Net Lease during the 4th quarter worth approximately $25,000. Ameriflex Group Inc. purchased a new position in Global Net Lease during the 4th quarter worth $25,000. GF Fund Management CO. LTD. bought a new stake in Global Net Lease in the 4th quarter worth about $26,000. US Bancorp DE grew its holdings in shares of 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 acquiring an additional 4,761 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in 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. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GNL shares. B. Riley assumed coverage on shares of Global Net Lease in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $8.00 price target on the stock. 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. Three 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.