Global Net Lease, Inc. (NYSE:GNL) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC raised its stake in Global Net Lease, Inc. (NYSE:GNL) by 32.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,382 shares of the financial services provider’s stock after purchasing an additional 5,037 shares during the quarter. Metis Global Partners LLC’s holdings in Global Net Lease were worth $172,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in Global Net Lease by 12,401.0% in 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 acquiring an additional 3,093,924 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Global Net Lease by 73.5% in the 1st quarter. Advisors Asset Management Inc. now owns 698,844 shares of the financial services provider’s stock valued at $5,430,000 after purchasing an additional 296,124 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Global Net Lease during the 3rd quarter worth about $92,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Global Net Lease during the 2nd quarter worth approximately $292,000. Finally, Waterfall Asset Management LLC purchased a new position in Global Net Lease in the second quarter valued at approximately $2,122,000. 61.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was acquired at an average price of $7.72 per share, with a total value of $772,000.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is owned by company insiders.

Global Net Lease Stock Performance

NYSE GNL opened at $7.31 on Wednesday. The stock has a market cap of $1.68 billion, a P/E ratio of -7.77, a PEG ratio of 0.96 and a beta of 1.38. The company’s fifty day simple moving average is $8.21 and its 200-day simple moving average is $8.01. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. Global Net Lease, Inc. has a 52 week low of $6.52 and a 52 week high of $10.19.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings data 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 firm 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 in the previous year, the company earned $0.36 earnings per share. Equities research analysts predict that Global Net Lease, Inc. will post 1.27 EPS for the current fiscal year.

Global Net Lease Announces Dividend

The firm also recently disclosed 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 of this dividend was Friday, October 11th. This represents a $1.10 dividend on an annualized basis and a yield of 15.06%. Global Net Lease’s dividend payout ratio (DPR) is presently -117.02%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GNL shares. Truist Financial increased their price objective 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. B. Riley lowered their price target on Global Net Lease from $11.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 12th. Finally, StockNews.com upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Four investment 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 presently has an average rating of “Hold” and an average target price of $9.83.

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.