Beck Capital Management LLC Has $2.55 Million Stock Position in Global Net Lease, Inc. (NYSE:GNL)

Beck Capital Management LLC trimmed its stake in Global Net Lease, Inc. (NYSE:GNL - Free Report) by 26.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 347,305 shares of the financial services provider's stock after selling 123,063 shares during the period. Beck Capital Management LLC owned about 0.15% of Global Net Lease worth $2,553,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GNL. Scarborough Advisors LLC bought a new position in shares of Global Net Lease in the fourth quarter valued at about $25,000. Verus Capital Partners LLC acquired a new position in shares of Global Net Lease during the second quarter worth approximately $74,000. Atomi Financial Group Inc. bought a new stake in shares of Global Net Lease during the first quarter valued at approximately $81,000. Signaturefd LLC increased its holdings in shares of Global Net Lease by 176.8% in the second quarter. Signaturefd LLC now owns 12,410 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 7,927 shares in the last quarter. Finally, Capital Market Strategies LLC raised its position in Global Net Lease by 14.6% in the 2nd quarter. Capital Market Strategies LLC now owns 15,694 shares of the financial services provider's stock worth $115,000 after purchasing an additional 2,000 shares during the last quarter. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of Global Net Lease from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. JMP Securities restated a "market perform" rating on shares of Global Net Lease in a report on Wednesday, June 12th. B. Riley decreased their price target on shares of Global Net Lease from $11.00 to $10.00 and set a "buy" rating for the company in a report on Monday, August 12th. BMO Capital Markets reiterated an "outperform" rating and set a $11.00 target price on shares of Global Net Lease in a report on Friday, June 28th. Finally, Truist Financial increased their price target on Global Net Lease from $8.00 to $8.50 and gave the stock a "hold" rating in a report on Wednesday, August 21st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $9.83.

Insider Buying and Selling

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 100,000 shares of the business's stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $7.02, for a total transaction of $702,000.00. Following the sale, the insider now directly owns 1,829,073 shares of the company's stock, valued at approximately $12,840,092.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by corporate insiders.

Global Net Lease Stock Up 0.8 %

Shares of GNL traded up $0.07 during midday trading on Monday, hitting $8.74. The stock had a trading volume of 1,571,661 shares, compared to its average volume of 1,506,675. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of -4.76, a price-to-earnings-growth ratio of 1.13 and a beta of 1.38. The company has a 50 day simple moving average of $8.53 and a two-hundred day simple moving average of $7.76. Global Net Lease, Inc. has a twelve month low of $6.52 and a twelve month high of $10.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.05 and a quick ratio of 0.05.

Global Net Lease (NYSE:GNL - Get Free Report) last announced its earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.52). Global Net Lease had a negative net margin of 33.26% and a negative return on equity of 9.41%. The firm had revenue of $203.29 million during the quarter, compared to analyst estimates of $204.80 million. During the same period in the prior year, the business posted $0.40 EPS. On average, analysts anticipate that Global Net Lease, Inc. will post 1.27 EPS for the current year.

Global Net Lease Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Thursday, July 11th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 12.59%. The ex-dividend date of this dividend was Thursday, July 11th. This is a positive change from Global Net Lease's previous quarterly dividend of $0.06. Global Net Lease's payout ratio is currently -60.44%.

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.