Global Wealth Management Investment Advisory Inc. Has $141,000 Holdings in Global Net Lease, Inc. (NYSE:GNL)

Global Wealth Management Investment Advisory Inc. lifted its stake in Global Net Lease, Inc. (NYSE:GNL) by 53.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,733 shares of the financial services provider’s stock after buying an additional 5,808 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Global Net Lease were worth $141,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. First Trust Direct Indexing L.P. bought a new position in Global Net Lease during the first quarter worth about $132,000. BNP Paribas Financial Markets grew its holdings in Global Net Lease by 58.7% during the first quarter. BNP Paribas Financial Markets now owns 103,420 shares of the financial services provider’s stock valued at $804,000 after purchasing an additional 38,252 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Global Net Lease by 28.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 123,528 shares of the financial services provider’s stock valued at $960,000 after buying an additional 27,723 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Global Net Lease by 7.3% in the first quarter. Daiwa Securities Group Inc. now owns 63,390 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 4,289 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in Global Net Lease by 1.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 170,328 shares of the financial services provider’s stock worth $1,323,000 after purchasing an additional 1,689 shares in the last quarter. Institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Performance

GNL opened at $7.76 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market capitalization of $1.79 billion, a PE ratio of -4.51, a price-to-earnings-growth ratio of 1.00 and a beta of 1.38. The business has a fifty day simple moving average of $8.43 and a 200 day simple moving average of $7.97. Global Net Lease, Inc. has a 1 year low of $6.52 and a 1 year high of $10.19.

Global Net Lease (NYSE:GNL) last announced its earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.52). Global Net Lease had a negative net margin of 33.26% and a negative return on equity of 9.41%. The business had revenue of $203.29 million during the quarter, compared to the consensus estimate of $204.80 million. During the same period in the previous year, the firm posted $0.40 EPS. Research analysts expect that Global Net Lease, Inc. will post 1.27 EPS for the current year.

Global Net Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 14.18%. The ex-dividend date was Friday, October 11th. Global Net Lease’s dividend payout ratio is currently -63.95%.

Insider Buying and Selling at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were bought at an average cost of $8.40 per share, with a total value of $840,000.00. Following the completion of the acquisition, the insider now owns 1,729,073 shares of the company’s stock, valued at $14,524,213.20. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GNL. StockNews.com raised Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. B. Riley dropped their price target on shares of Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Finally, Truist Financial raised their price objective on Global Net Lease from $8.00 to $8.50 and gave the company a “hold” rating in a research report on Wednesday, August 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.83.

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.