34,492 Shares in Global Net Lease, Inc. (NYSE:GNL) Purchased by ClearAlpha Technologies LP

ClearAlpha Technologies LP bought a new stake in Global Net Lease, Inc. (NYSE:GNL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 34,492 shares of the financial services provider’s stock, valued at approximately $290,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Capital Advisory LLC acquired a new stake in Global Net Lease during the 3rd quarter worth about $34,000. Park Place Capital Corp acquired a new stake in Global Net Lease during the third quarter worth about $35,000. GAMMA Investing LLC raised its position in Global Net Lease by 60.1% during 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. Verus Capital Partners LLC purchased a new position in Global Net Lease during the second quarter valued at approximately $74,000. Finally, KBC Group NV lifted its holdings in Global Net Lease by 37.4% in the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 2,535 shares during the period. Institutional investors and hedge funds own 61.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GNL shares. B. Riley cut their target price on shares of Global Net Lease from $11.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 12th. StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Truist Financial lowered 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 research note on Friday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.67.

Global Net Lease Trading Down 0.7 %

Shares of NYSE GNL opened at $7.36 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a fifty day moving average of $7.97 and a 200 day moving average of $8.01. Global Net Lease, Inc. has a one year low of $6.52 and a one year high of $10.19.

Global Net Lease (NYSE:GNL) last announced its 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). Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The company had revenue of $196.56 million during the quarter, compared to analyst estimates of $198.76 million. During the same quarter last year, the business earned $0.36 EPS. As a group, analysts forecast that Global Net Lease, Inc. will post 1.27 EPS for the current fiscal year.

Global Net Lease Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were given a $0.275 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.10 annualized dividend and a dividend yield of 14.95%. Global Net Lease’s dividend payout ratio (DPR) is presently -117.02%.

Insider Activity

In other Global Net Lease news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was acquired at an average price of $8.40 per share, with a total value of $840,000.00. Following the completion of the acquisition, the insider now directly owns 1,729,073 shares of the company’s stock, valued at $14,524,213.20. This represents a 6.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.

About Global Net Lease

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.