Global Net Lease, Inc. (NYSE:GNL) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 4.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,058,850 shares of the financial services provider's stock after purchasing an additional 166,247 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.76% of Global Net Lease worth $34,176,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GNL. American Capital Advisory LLC purchased a new position in shares of Global Net Lease during the 3rd quarter valued at about $34,000. Park Place Capital Corp purchased a new position in shares of Global Net Lease in the 3rd quarter valued at about $35,000. 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 purchasing an additional 1,897 shares in the last quarter. Verus Capital Partners LLC purchased a new position in shares of Global Net Lease in the 2nd quarter valued at about $74,000. Finally, KBC Group NV increased its stake in shares of Global Net Lease by 37.4% in the 3rd quarter. KBC Group NV now owns 9,311 shares of the financial services provider's stock valued at $78,000 after purchasing an additional 2,535 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company's stock.

Global Net Lease Price Performance

Shares of Global Net Lease stock remained flat at $7.25 on Wednesday. The stock had a trading volume of 958,453 shares, compared to its average volume of 1,462,687. The stock has a market cap of $1.67 billion, a PE ratio of -7.71, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34. The stock's fifty day moving average is $7.94 and its 200-day moving average is $8.01. Global Net Lease, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $10.19. 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 (NYSE:GNL - Get Free Report) last issued its earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.65). The company had revenue of $196.56 million for the quarter, compared to analyst estimates of $198.76 million. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Research analysts forecast that Global Net Lease, Inc. will post 1.27 EPS for the current year.

Global Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 15.17%. The ex-dividend date was Friday, October 11th. Global Net Lease's payout ratio is presently -117.02%.

Insider Buying and Selling at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the business's stock in a transaction dated Wednesday, October 2nd. The shares were acquired at an average price of $8.40 per share, with a total value of $840,000.00. Following the completion of the transaction, the insider now owns 1,729,073 shares of the company's stock, valued at $14,524,213.20. The trade was a 6.14 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. B. Riley cut their price target on Global Net Lease from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Monday, August 12th. Truist Financial cut their price target on Global Net Lease from $8.50 to $8.00 and set a "hold" rating for the company in a research note on Friday, November 29th. Finally, StockNews.com upgraded Global Net Lease from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Global Net Lease has a consensus rating of "Hold" and an average price target of $9.67.

Global Net Lease 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.