Sunbelt Securities Inc. Has $135,000 Stock Position in Global Net Lease, Inc. (NYSE:GNL)

Sunbelt Securities Inc. lifted its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 10.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,023 shares of the financial services provider’s stock after purchasing an additional 1,574 shares during the period. Sunbelt Securities Inc.’s holdings in Global Net Lease were worth $135,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of GNL. Bank of Montreal Can raised its position in Global Net Lease by 12,401.0% during the 2nd 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Global Net Lease by 392.8% in the third 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 valued at $8,829,000 after buying an additional 835,830 shares during the period. TrueMark Investments LLC bought a new position in shares of Global Net Lease during the second quarter worth about $3,367,000. Waterfall Asset Management LLC acquired a new position in shares of Global Net Lease in the second quarter worth approximately $2,122,000. Finally, Edgestream Partners L.P. boosted its holdings in Global Net Lease by 58.1% in the second quarter. Edgestream Partners L.P. now owns 772,479 shares of the financial services provider’s stock valued at $5,678,000 after acquiring an additional 283,739 shares during the last quarter. Institutional investors own 61.19% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of $7.72 per share, with a total value of $772,000.00. Following the purchase, the insider now owns 1,829,073 shares in the company, valued at $14,120,443.56. This represents a 5.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Global Net Lease Stock Up 1.4 %

Shares of NYSE:GNL opened at $7.22 on Friday. Global Net Lease, Inc. has a 1 year low of $6.52 and a 1 year high of $10.19. 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 business’s 50-day moving average is $7.73 and its 200-day moving average is $7.98. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -7.68, a P/E/G ratio of 0.93 and a beta of 1.34.

Global Net Lease (NYSE:GNL) last issued its quarterly 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). 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 last year, the firm posted $0.36 earnings per share. Equities research analysts predict that Global Net Lease, Inc. will post 1.27 earnings per share for the current year.

Global Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Friday, October 11th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 15.24%. The ex-dividend date was Friday, October 11th. 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.