Money Concepts Capital Corp Has $405,000 Stake in Global Net Lease, Inc. (NYSE:GNL)

Money Concepts Capital Corp decreased its holdings in Global Net Lease, Inc. (NYSE:GNL) by 36.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,506 shares of the financial services provider’s stock after selling 32,132 shares during the period. Money Concepts Capital Corp’s holdings in Global Net Lease were worth $405,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GNL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of 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 valued at $8,829,000 after purchasing an additional 835,830 shares during the period. Citigroup Inc. increased its holdings in shares of Global Net Lease by 52.8% in the 3rd quarter. Citigroup Inc. now owns 771,371 shares of the financial services provider’s stock valued at $6,495,000 after purchasing an additional 266,647 shares during the period. Barclays PLC increased its holdings in shares of Global Net Lease by 312.3% in the 3rd quarter. Barclays PLC now owns 339,701 shares of the financial services provider’s stock valued at $2,859,000 after purchasing an additional 257,310 shares during the period. Algert Global LLC increased its holdings in shares of Global Net Lease by 255.4% in the 3rd quarter. Algert Global LLC now owns 277,584 shares of the financial services provider’s stock valued at $2,337,000 after purchasing an additional 199,480 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Global Net Lease by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock valued at $34,176,000 after purchasing an additional 166,247 shares during the period. Institutional investors and hedge funds own 61.19% of the company’s stock.

Insiders Place Their Bets

In other Global Net Lease news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of Global Net Lease stock in a transaction dated Monday, November 11th. The stock was bought at an average cost of $7.72 per share, with a total value of $772,000.00. Following the completion of the transaction, the insider now owns 1,829,073 shares of the company’s stock, valued at $14,120,443.56. The trade was a 5.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Global Net Lease Trading Up 0.2 %

NYSE:GNL opened at $7.23 on Friday. The company has a market capitalization of $1.67 billion, a P/E ratio of -7.69 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. The stock’s 50 day moving average price is $7.22 and its 200 day moving average price is $7.90. Global Net Lease, Inc. has a 52 week low of $6.52 and a 52 week high of $9.10.

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 analysts’ consensus estimates of $0.32 by ($0.65). The company had revenue of $196.56 million for the quarter, compared to the consensus estimate of $198.76 million. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. During the same period in the previous year, the company earned $0.36 EPS. On average, research analysts forecast that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 dividend on an annualized basis and a yield of 15.22%. Global Net Lease’s payout ratio is currently -117.02%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GNL. Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Truist Financial dropped their price objective on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 29th. Finally, JMP Securities upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Global Net Lease has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

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.