Nisa Investment Advisors LLC Has $552,000 Stock Holdings in Global Net Lease, Inc. (NYSE:GNL)

Nisa Investment Advisors LLC increased its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 10.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,678 shares of the financial services provider’s stock after acquiring an additional 6,412 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Global Net Lease were worth $552,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CoreCap Advisors LLC acquired a new position in Global Net Lease in the fourth quarter valued at about $25,000. Ameriflex Group Inc. bought a new stake in shares of Global Net Lease in the fourth quarter worth about $25,000. GF Fund Management CO. LTD. acquired a new stake in shares of Global Net Lease during the fourth quarter worth about $26,000. US Bancorp DE raised its position in shares of Global Net Lease by 363.2% during the fourth quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 4,761 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Global Net Lease by 119.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 6,659 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 3,624 shares during the period. Institutional investors and hedge funds own 61.19% of the company’s stock.

Analysts Set New Price Targets

GNL has been the topic of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $9.00 price target on shares of Global Net Lease in a research report on Thursday, June 12th. B. Riley initiated coverage on Global Net Lease in a research report on Tuesday, April 22nd. They set a “neutral” rating and a $8.00 price target on the stock. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.33.

Global Net Lease Stock Down 2.0%

NYSE:GNL opened at $7.29 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a 50-day simple moving average of $7.64 and a 200 day simple moving average of $7.53. The company has a market cap of $1.67 billion, a PE ratio of -4.92 and a beta of 1.19. Global Net Lease, Inc. has a 52-week low of $6.51 and a 52-week high of $9.11.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The firm had revenue of $132.42 million during the quarter, compared to the consensus estimate of $187.40 million. Global Net Lease had a negative return on equity of 9.23% and a negative net margin of 40.64%. On average, sell-side analysts expect that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Friday, July 11th will be paid a $0.19 dividend. The ex-dividend date is Friday, July 11th. This represents a $0.76 dividend on an annualized basis and a yield of 10.43%. Global Net Lease’s dividend payout ratio is -51.35%.

Insider Buying and Selling

In other news, CEO Edward M. Jr. Weil sold 150,000 shares of Global Net Lease stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $7.61, for a total transaction of $1,141,500.00. Following the completion of the transaction, the chief executive officer directly owned 584,053 shares in the company, valued at approximately $4,444,643.33. The trade was a 20.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicholas S. Schorsch sold 7,103,000 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $7.43, for a total value of $52,775,290.00. Following the transaction, the insider directly owned 19,907,384 shares in the company, valued at $147,911,863.12. The trade was a 26.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,653,000 shares of company stock valued at $56,914,790. Corporate insiders own 0.37% of the company’s stock.

Global Net Lease 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.