PFG Investments LLC Raises Stake in Global Net Lease, Inc. (NYSE:GNL)

PFG Investments LLC boosted its stake in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) by 177.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,497 shares of the financial services provider's stock after acquiring an additional 55,293 shares during the period. PFG Investments LLC's holdings in Global Net Lease were worth $631,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GNL. Geode Capital Management LLC boosted its stake in Global Net Lease by 1.9% in the third quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider's stock valued at $42,897,000 after buying an additional 95,769 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Global Net Lease by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider's stock worth $34,176,000 after purchasing an additional 166,247 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Global Net Lease by 12.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider's stock valued at $9,345,000 after purchasing an additional 120,610 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Global Net Lease by 392.8% in the third 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 valued at $8,829,000 after buying an additional 835,830 shares in the last quarter. Finally, Citigroup Inc. grew its stake in shares of Global Net Lease by 52.8% during the third quarter. Citigroup Inc. now owns 771,371 shares of the financial services provider's stock worth $6,495,000 after buying an additional 266,647 shares during the last quarter. 61.19% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of $7.72 per share, for a total transaction of $772,000.00. Following the completion of the acquisition, the insider now owns 1,829,073 shares of the company's stock, valued at $14,120,443.56. This represents a 5.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is currently owned by insiders.

Global Net Lease Trading Up 1.8 %

Shares of GNL traded up $0.13 during trading hours on Thursday, hitting $7.18. 268,522 shares of the stock were exchanged, compared to its average volume of 1,426,443. Global Net Lease, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $9.10. The business has a 50-day moving average of $7.26 and a 200-day moving average of $7.95. The firm has a market capitalization of $1.65 billion, a P/E ratio of -7.63 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06.

Global Net Lease (NYSE:GNL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.65). Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. The business had revenue of $196.56 million for the quarter, compared to the consensus estimate of $198.76 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. On average, research analysts expect that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 15.33%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease's payout ratio is presently -117.02%.

Analyst Upgrades and Downgrades

GNL has been the subject of a number of research reports. Truist Financial dropped 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. 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 note on Tuesday, December 17th. Finally, Citizens Jmp upgraded shares of Global Net Lease from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $9.50.

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.