Advisors Asset Management Inc. Purchases 120,610 Shares of Global Net Lease, Inc. (NYSE:GNL)

Advisors Asset Management Inc. grew its position in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) by 12.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,109,842 shares of the financial services provider's stock after acquiring an additional 120,610 shares during the quarter. Advisors Asset Management Inc. owned about 0.48% of Global Net Lease worth $9,345,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can raised its stake in shares of 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 valued at $22,986,000 after purchasing an additional 3,093,924 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Global Net Lease by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 1,607,268 shares of the financial services provider's stock valued at $11,813,000 after purchasing an additional 6,715 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of Global Net Lease by 58.1% during the second quarter. Edgestream Partners L.P. now owns 772,479 shares of the financial services provider's stock valued at $5,678,000 after purchasing an additional 283,739 shares in the last quarter. TrueMark Investments LLC bought a new stake in shares of Global Net Lease during the second quarter valued at about $3,367,000. Finally, Public Sector Pension Investment Board raised its stake in shares of Global Net Lease by 7.4% during the second quarter. Public Sector Pension Investment Board now owns 429,875 shares of the financial services provider's stock valued at $3,160,000 after purchasing an additional 29,553 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GNL shares. Truist Financial boosted their price target on shares of Global Net Lease from $8.00 to $8.50 and gave the stock a "hold" rating in a research report on Wednesday, August 21st. StockNews.com upgraded shares of Global Net Lease from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. Finally, B. Riley dropped their price target on shares of Global Net Lease from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $9.83.

Insider Buying and Selling at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the stock in a transaction on Wednesday, October 2nd. The shares were bought at an average price of $8.40 per share, with a total value of $840,000.00. Following the purchase, the insider now directly owns 1,729,073 shares in the company, valued at $14,524,213.20. The trade was a 6.14 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.31% of the company's stock.

Global Net Lease Stock Performance

NYSE GNL traded up $0.02 on Thursday, hitting $7.31. 197,123 shares of the company were exchanged, compared to its average volume of 1,465,931. The company's 50 day moving average price is $8.19 and its 200-day moving average price is $8.01. 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, Inc. has a twelve month low of $6.52 and a twelve month high of $10.19.

Global Net Lease (NYSE:GNL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) 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 previous year, the firm posted $0.36 EPS. Analysts anticipate that Global Net Lease, Inc. will post 1.27 earnings per share for the current year.

Global Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were paid a dividend of $0.275 per share. The ex-dividend date was Friday, October 11th. This represents a $1.10 annualized dividend and a yield of 15.05%. Global Net Lease's dividend payout ratio (DPR) is presently -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.