EMC Capital Management Grows Stock Position in Global Net Lease, Inc. (NYSE:GNL)

EMC Capital Management raised its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 1,288.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,840 shares of the financial services provider’s stock after acquiring an additional 32,330 shares during the quarter. EMC Capital Management’s holdings in Global Net Lease were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. American Capital Advisory LLC acquired a new position in shares of Global Net Lease during the 3rd quarter worth approximately $34,000. Park Place Capital Corp acquired a new position in shares of Global Net Lease in the third quarter worth $35,000. GAMMA Investing LLC lifted its position in shares of Global Net Lease by 60.1% in the third quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,897 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Global Net Lease during the third quarter valued at $67,000. Finally, KBC Group NV increased its position in Global Net Lease by 37.4% during the 3rd quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 2,535 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GNL. Truist Financial reduced their target price on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 29th. JMP Securities upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a research report on Tuesday, December 17th. Finally, Citizens Jmp upgraded shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Three 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $9.50.

Insider Buying and Selling at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $7.72 per share, with a total value of $772,000.00. Following the acquisition, the insider now directly owns 1,829,073 shares in the company, valued at approximately $14,120,443.56. The trade was a 5.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by insiders.

Global Net Lease Stock Up 1.9 %

Shares of NYSE:GNL opened at $7.19 on Friday. The company has a 50 day moving average of $7.26 and a two-hundred day moving average of $7.95. Global Net Lease, Inc. has a 52-week low of $6.52 and a 52-week high of $9.10. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -7.64 and a beta of 1.34.

Global Net Lease (NYSE:GNL) last released its quarterly earnings results 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 firm had revenue of $196.56 million for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $0.36 EPS. As a group, analysts forecast that Global Net Lease, Inc. will post 1.26 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were paid a dividend of $0.275 per share. The ex-dividend date was Monday, January 13th. This represents a $1.10 dividend on an annualized basis and a yield of 15.31%. Global Net Lease’s dividend payout ratio (DPR) is presently -117.02%.

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.