Tower Research Capital LLC TRC Has $99,000 Stake in Global Net Lease, Inc. (NYSE:GNL)

Tower Research Capital LLC TRC trimmed its stake in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) by 73.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,596 shares of the financial services provider's stock after selling 37,992 shares during the period. Tower Research Capital LLC TRC's holdings in Global Net Lease were worth $99,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. 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 increased its stake in Global Net Lease by 119.4% in the fourth 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 in the last quarter. Allworth Financial LP increased its stake in Global Net Lease by 157.6% in the fourth quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 6,310 shares in the last quarter. HB Wealth Management LLC bought a new stake in Global Net Lease in the fourth quarter valued at approximately $81,000. Finally, Inceptionr LLC bought a new stake in Global Net Lease in the fourth quarter valued at approximately $84,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Stock Down 0.9%

Shares of GNL stock traded down $0.08 during trading hours on Monday, hitting $8.01. 1,840,331 shares of the company were exchanged, compared to its average volume of 1,528,098. The business has a 50 day moving average of $7.67 and a two-hundred day moving average of $7.47. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. Global Net Lease, Inc. has a 52 week low of $6.51 and a 52 week high of $9.11. The company has a market capitalization of $1.83 billion, a PE ratio of -8.52 and a beta of 1.22.

Global Net Lease (NYSE:GNL - Get Free Report) last announced its 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. Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The business had revenue of $132.42 million during the quarter, compared to analysts' expectations of $187.40 million. 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 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 9.49%. The ex-dividend date of this dividend was Friday, April 11th. Global Net Lease's dividend payout ratio (DPR) is presently -51.35%.

Wall Street Analysts Forecast Growth

Separately, B. Riley started coverage on shares of Global Net Lease in a research note on Tuesday, April 22nd. They issued 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Global Net Lease has a consensus rating of "Moderate Buy" and a consensus target price of $9.00.

Insider Activity

In other news, major shareholder Nicholas S. Schorsch sold 200,000 shares of Global Net Lease stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $7.95, for a total value of $1,590,000.00. Following the completion of the transaction, the insider now owns 1,629,073 shares of the company's stock, valued at $12,951,130.35. This trade represents a 10.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.37% 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.