Barclays PLC Purchases 257,310 Shares of Global Net Lease, Inc. (NYSE:GNL)

Barclays PLC boosted its holdings in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 312.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 339,701 shares of the financial services provider's stock after buying an additional 257,310 shares during the period. Barclays PLC owned approximately 0.15% of Global Net Lease worth $2,859,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sunbelt Securities Inc. lifted its stake in shares of Global Net Lease by 10.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 14,449 shares of the financial services provider's stock valued at $106,000 after purchasing an additional 1,351 shares during the period. Louisiana State Employees Retirement System lifted its stake in Global Net Lease by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 98,300 shares of the financial services provider's stock valued at $723,000 after buying an additional 1,600 shares during the period. Arkadios Wealth Advisors boosted its holdings in Global Net Lease by 3.2% during the second quarter. Arkadios Wealth Advisors now owns 58,017 shares of the financial services provider's stock worth $426,000 after buying an additional 1,789 shares during the last quarter. Cobblestone Asset Management LLC grew its position in shares of Global Net Lease by 4.2% during the 3rd quarter. Cobblestone Asset Management LLC now owns 44,537 shares of the financial services provider's stock worth $375,000 after buying an additional 1,804 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Global Net Lease by 60.1% in the 3rd quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 1,897 shares during the last quarter. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GNL. Citizens Jmp upgraded shares of Global Net Lease from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. JMP Securities raised shares of Global Net Lease from a "market perform" rating to an "outperform" rating and set a $9.00 price target for the company in a report on Tuesday, December 17th. Finally, Truist Financial dropped their price objective on Global Net Lease from $8.50 to $8.00 and set a "hold" rating on the stock in a research note on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $9.50.

Insider Transactions at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of $7.72 per share, with a total value of $772,000.00. Following the completion of the transaction, the insider now owns 1,829,073 shares in the company, valued at $14,120,443.56. The trade was a 5.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.31% of the company's stock.

Global Net Lease Stock Up 1.1 %

Shares of Global Net Lease stock traded up $0.08 during trading on Wednesday, reaching $7.26. The stock had a trading volume of 520,412 shares, compared to its average volume of 1,478,794. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -7.72, a P/E/G ratio of 0.93 and a beta of 1.34. The stock has a fifty day moving average price of $7.56 and a two-hundred day moving average price of $7.97. Global Net Lease, Inc. has a 52 week low of $6.52 and a 52 week high of $10.19.

Global Net Lease (NYSE:GNL - Get Free Report) last released its earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.65). The firm had revenue of $196.56 million during the quarter, compared to the consensus estimate of $198.76 million. Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. During the same quarter in the previous year, the firm posted $0.36 EPS. Sell-side analysts predict that Global Net Lease, Inc. will post 1.27 EPS for the current fiscal year.

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.10 dividend on an annualized basis and a yield of 15.15%. Global Net Lease's dividend payout ratio is -117.02%.

About Global Net Lease

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.