Gagnon Securities LLC Lowers Holdings in Global Net Lease, Inc. (NYSE:GNL)

Gagnon Securities LLC decreased its position in Global Net Lease, Inc. (NYSE:GNL) by 4.8% during the 4th quarter, Holdings Channel reports. The fund owned 105,073 shares of the financial services provider’s stock after selling 5,252 shares during the quarter. Gagnon Securities LLC’s holdings in Global Net Lease were worth $767,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its holdings in Global Net Lease by 10.3% in the second quarter. Sunbelt Securities Inc. now owns 14,449 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 1,351 shares in the last quarter. Cobblestone Asset Management LLC raised its holdings in Global Net Lease by 4.2% in the third quarter. Cobblestone Asset Management LLC now owns 44,537 shares of the financial services provider’s stock valued at $375,000 after acquiring an additional 1,804 shares in the last quarter. GAMMA Investing LLC raised its holdings in 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. Mirae Asset Global Investments Co. Ltd. raised its holdings in Global Net Lease by 14.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,601 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 1,962 shares in the last quarter. Finally, Apeiron RIA LLC raised its holdings in Global Net Lease by 7.4% in the fourth quarter. Apeiron RIA LLC now owns 32,084 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. 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. Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $9.50.

Insider Activity at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $7.72 per share, for a total transaction of $772,000.00. Following the transaction, the insider now owns 1,829,073 shares of the company’s stock, valued at approximately $14,120,443.56. This trade represents a 5.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by insiders.

Global Net Lease Stock Down 0.1 %

Shares of Global Net Lease stock opened at $7.19 on Friday. The firm’s fifty day simple moving average is $7.25 and its 200-day simple moving average is $7.94. Global Net Lease, Inc. has a 12 month low of $6.52 and a 12 month 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.

Global Net Lease (NYSE:GNL) last announced its earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). The business had revenue of $196.56 million during the quarter, compared to analyst estimates 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 firm earned $0.36 earnings per share. As a group, analysts anticipate that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were given a $0.275 dividend. 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 -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.