Global Net Lease, Inc. (NYSE:GNL) Shares Bought by Barclays PLC

Barclays PLC raised its position in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 135.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 799,140 shares of the financial services provider's stock after acquiring an additional 459,439 shares during the quarter. Barclays PLC owned approximately 0.35% of Global Net Lease worth $5,834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in shares of Global Net Lease by 363.2% during the 4th quarter. US Bancorp DE now owns 6,072 shares of the financial services provider's stock worth $44,000 after purchasing an additional 4,761 shares during the last quarter. Creative Financial Designs Inc. ADV raised 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 buying an additional 3,624 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in Global Net Lease in the third quarter valued at $67,000. Allworth Financial LP lifted its holdings in Global Net Lease by 157.6% during the 4th quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider's stock worth $74,000 after buying an additional 6,310 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of Global Net Lease during the 4th quarter worth about $81,000. Institutional investors and hedge funds own 61.19% of the company's stock.

Analysts Set New Price Targets

Separately, 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 on the stock. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Global Net Lease has a consensus rating of "Moderate Buy" and an average target price of $9.00.

Insider Activity at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of Global Net Lease stock in a transaction that occurred 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 transaction, the insider now owns 1,629,073 shares of the company's stock, valued at $12,951,130.35. The trade was a 10.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.37% of the company's stock.

Global Net Lease Stock Performance

GNL traded down $0.02 on Tuesday, reaching $7.55. The company had a trading volume of 1,063,109 shares, compared to its average volume of 1,512,791. 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 1 year low of $6.51 and a 1 year high of $9.11. The stock has a market capitalization of $1.73 billion, a PE ratio of -8.03 and a beta of 1.19. The stock has a 50-day moving average price of $7.67 and a 200-day moving average price of $7.51.

Global Net Lease Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Friday, April 11th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 10.07%. The ex-dividend date of this dividend was Friday, April 11th. Global Net Lease's payout ratio is currently -100.00%.

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.