Nomura Asset Management Co. Ltd. Buys 2,500 Shares of Global Net Lease, Inc. (NYSE:GNL)

Nomura Asset Management Co. Ltd. increased its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,400 shares of the financial services provider’s stock after acquiring an additional 2,500 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.11% of Global Net Lease worth $2,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Global Net Lease by 392.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock worth $8,829,000 after acquiring an additional 835,830 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Global Net Lease by 12,401.0% during the second quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock worth $22,986,000 after purchasing an additional 3,093,924 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Global Net Lease by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock worth $34,176,000 after purchasing an additional 166,247 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Global Net Lease by 12.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock valued at $9,345,000 after purchasing an additional 120,610 shares during the period. Finally, Private Advisor Group LLC bought a new position in Global Net Lease during the 3rd quarter valued at approximately $92,000. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial dropped their price target on Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Friday, November 29th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Global Net Lease currently has a consensus rating of “Hold” and an average price target of $9.67.

Insider Activity

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

Global Net Lease Stock Performance

GNL stock opened at $7.22 on Friday. The stock’s 50 day simple moving average is $7.73 and its 200 day simple moving average is $7.98. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. Global Net Lease, Inc. has a 12-month low of $6.52 and a 12-month high of $10.19. The stock has a market capitalization of $1.67 billion, a PE ratio of -7.68, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $196.56 million for the quarter, compared to the consensus estimate of $198.76 million. During the same period in the previous year, the company earned $0.36 earnings per share. As a group, research analysts forecast that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were paid a $0.275 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.24%. Global Net Lease’s dividend payout ratio is presently -117.02%.

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.