Global Net Lease, Inc. (NYSE:GNL) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,093,659 shares of the financial services provider's stock after acquiring an additional 95,769 shares during the quarter. Geode Capital Management LLC owned 2.21% of Global Net Lease worth $42,897,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can increased its stake in Global Net Lease by 12,401.0% during the second quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider's stock worth $22,986,000 after purchasing an additional 3,093,924 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Global Net Lease by 392.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider's stock worth $8,829,000 after buying an additional 835,830 shares during the period. TrueMark Investments LLC acquired a new stake in Global Net Lease during the 2nd quarter worth approximately $3,367,000. Waterfall Asset Management LLC purchased a new position in Global Net Lease in the 2nd quarter valued at approximately $2,122,000. Finally, Edgestream Partners L.P. grew its stake in shares of Global Net Lease by 58.1% in the second quarter. Edgestream Partners L.P. now owns 772,479 shares of the financial services provider's stock worth $5,678,000 after acquiring an additional 283,739 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company's stock.

Global Net Lease Stock Up 1.1 %

Shares of NYSE:GNL traded up $0.08 during trading on Tuesday, hitting $7.26. 520,412 shares of the company were exchanged, compared to its average volume of 1,478,794. The firm's 50 day moving average price is $7.56 and its 200-day moving average price is $7.97. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $10.19. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market capitalization of $1.67 billion, a P/E ratio of -7.72, a PEG ratio of 0.93 and a beta of 1.34.

Global Net Lease (NYSE:GNL - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.65). The company had revenue of $196.56 million during the quarter, compared to analysts' expectations 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 period last year, the firm earned $0.36 earnings per share. On average, research analysts predict that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Friday, October 11th were given 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 dividend yield of 15.15%. Global Net Lease's dividend payout ratio (DPR) is presently -117.02%.

Insider Buying and Selling

In other Global Net Lease news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the company's stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $7.72 per share, for a total transaction of $772,000.00. Following the completion of the purchase, the insider now owns 1,829,073 shares in the company, valued at $14,120,443.56. This trade represents a 5.78 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GNL shares. Truist Financial reduced 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. Citizens Jmp raised Global Net Lease from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Finally, JMP Securities raised Global Net Lease from a "market perform" rating to an "outperform" rating and set a $9.00 price objective for the company in a research report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Global Net Lease has a consensus rating of "Moderate Buy" and a consensus price target of $9.50.

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.