Arkadios Wealth Advisors Boosts Holdings in Global Net Lease, Inc. (NYSE:GNL)

Arkadios Wealth Advisors increased its holdings in Global Net Lease, Inc. (NYSE:GNL) by 3.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,017 shares of the financial services provider’s stock after purchasing an additional 1,789 shares during the period. Arkadios Wealth Advisors’ holdings in Global Net Lease were worth $426,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Scarborough Advisors LLC purchased a new position in shares of Global Net Lease in the fourth quarter worth about $25,000. GAMMA Investing LLC purchased a new stake in Global Net Lease in the 4th quarter worth approximately $62,000. Atomi Financial Group Inc. bought a new position in shares of Global Net Lease during the first quarter valued at approximately $81,000. Principal Securities Inc. bought a new stake in Global Net Lease in the fourth quarter valued at $86,000. Finally, Journey Strategic Wealth LLC purchased a new stake in shares of Global Net Lease in the 4th quarter worth about $106,000. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Insider Transactions at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch sold 433,350 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $7.19, for a total value of $3,115,786.50. Following the transaction, the insider now owns 2,679,073 shares of the company’s stock, valued at $19,262,534.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 159,720 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $7.32, for a total transaction of $1,169,150.40. Following the completion of the transaction, the insider now owns 3,546,752 shares of the company’s stock, valued at approximately $25,962,224.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Nicholas S. Schorsch sold 433,350 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $7.19, for a total value of $3,115,786.50. Following the transaction, the insider now directly owns 2,679,073 shares of the company’s stock, valued at $19,262,534.87. The disclosure for this sale can be found here. Insiders sold 1,043,070 shares of company stock worth $7,497,437 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

GNL has been the subject of several research analyst reports. StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Truist Financial boosted their target price on shares of Global Net Lease from $8.00 to $8.50 and gave the company a “hold” rating in a report on Wednesday, August 21st. BMO Capital Markets reissued an “outperform” rating and set a $11.00 price objective on shares of Global Net Lease in a research note on Friday, June 28th. JMP Securities reaffirmed a “market perform” rating on shares of Global Net Lease in a research note on Wednesday, June 12th. Finally, B. Riley cut their price target on Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. 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.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.13.

Global Net Lease Stock Performance

NYSE GNL traded up $0.08 during trading hours on Friday, hitting $8.64. The company’s stock had a trading volume of 50,911 shares, compared to its average volume of 1,515,017. The company’s 50 day simple moving average is $8.10 and its two-hundred day simple moving average is $7.63. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market cap of $1.99 billion, a P/E ratio of -4.70, a price-to-earnings-growth ratio of 1.11 and a beta of 1.37. Global Net Lease, Inc. has a 12 month low of $6.52 and a 12 month high of $11.58.

Global Net Lease (NYSE:GNL) last issued its earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.52). The company had revenue of $203.29 million during the quarter, compared to analysts’ expectations of $204.80 million. Global Net Lease had a negative return on equity of 10.08% and a negative net margin of 37.46%. During the same quarter in the prior year, the business posted $0.40 EPS. As a group, sell-side analysts expect that Global Net Lease, Inc. will post 1.29 EPS for the current fiscal year.

Global Net Lease Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Thursday, July 11th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 12.73%. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, July 11th. Global Net Lease’s payout ratio is -60.44%.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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.