Global Net Lease Target of Unusually High Options Trading (NYSE:GNL)

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) saw unusually large options trading on Friday. Traders acquired 23,535 call options on the company. This is an increase of approximately 3,993% compared to the typical volume of 575 call options.

Insider Transactions at Global Net Lease

In other Global Net Lease news, insider Nicholas S. Schorsch sold 300,000 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $7.33, for a total transaction of $2,199,000.00. Following the transaction, the insider now owns 19,607,384 shares in the company, valued at $143,722,124.72. This represents a 1.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 7,703,000 shares of company stock valued at $57,363,290. 0.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in Global Net Lease by 10.4% during the 4th quarter. Van ECK Associates Corp now owns 38,101 shares of the financial services provider's stock worth $278,000 after purchasing an additional 3,594 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Global Net Lease by 5.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 295,822 shares of the financial services provider's stock worth $2,130,000 after buying an additional 15,372 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Global Net Lease by 3.3% during the fourth quarter. Rhumbline Advisers now owns 695,304 shares of the financial services provider's stock worth $5,076,000 after buying an additional 22,390 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Global Net Lease by 157.6% in the 4th quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 6,310 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Global Net Lease during the 4th quarter valued at $657,000. Institutional investors own 61.19% of the company's stock.

Analyst Ratings Changes

GNL has been the subject of several recent research reports. JMP Securities reiterated a "market outperform" rating and issued a $9.00 price target on shares of Global Net Lease in a research note on Thursday, June 12th. B. Riley assumed coverage on Global Net Lease in a research report on Tuesday, April 22nd. They set a "neutral" rating and a $8.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.00.

Global Net Lease Price Performance

NYSE:GNL traded up $0.18 during mid-day trading on Monday, reaching $7.65. The stock had a trading volume of 1,989,742 shares, compared to its average volume of 1,582,771. Global Net Lease has a 12 month low of $6.51 and a 12 month high of $9.11. The stock has a market capitalization of $1.75 billion, a PE ratio of -5.17 and a beta of 1.23. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a 50-day simple moving average of $7.63 and a two-hundred day simple moving average of $7.49.

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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $132.42 million for the quarter, compared to analyst estimates of $187.40 million. On average, equities analysts anticipate that Global Net Lease will post 1.26 earnings per share for the current year.

Global Net Lease Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, April 11th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 9.93%. The ex-dividend date was Friday, April 11th. Global Net Lease's dividend payout ratio is presently -51.35%.

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.