Sonora Investment Management Group LLC Reduces Stake in Global Net Lease, Inc. (NYSE:GNL)

Sonora Investment Management Group LLC trimmed its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 228,289 shares of the financial services provider’s stock after selling 13,885 shares during the quarter. Sonora Investment Management Group LLC owned approximately 0.10% of Global Net Lease worth $1,667,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GNL. EMC Capital Management increased its holdings in Global Net Lease by 1,288.0% during the 4th quarter. EMC Capital Management now owns 34,840 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 32,330 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Global Net Lease during the fourth quarter valued at approximately $141,000. PFG Investments LLC boosted its holdings in shares of Global Net Lease by 177.2% during the fourth quarter. PFG Investments LLC now owns 86,497 shares of the financial services provider’s stock worth $631,000 after purchasing an additional 55,293 shares during the last quarter. Apeiron RIA LLC increased its stake in shares of Global Net Lease by 7.4% during the 4th quarter. Apeiron RIA LLC now owns 32,084 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 2,200 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Global Net Lease by 20.6% in the 4th quarter. SG Americas Securities LLC now owns 67,330 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 11,482 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Insider Activity at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $7.72 per share, for a total transaction of $772,000.00. Following the completion of the acquisition, the insider now directly owns 1,829,073 shares in the company, valued at $14,120,443.56. This represents a 5.78 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.31% of the company’s stock.

Global Net Lease Trading Up 1.9 %

Shares of NYSE GNL opened at $7.19 on Friday. 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’s 50-day moving average price is $7.26 and its two-hundred day moving average price is $7.95. 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 issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). The business had revenue of $196.56 million for 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 business posted $0.36 earnings per share. On average, research analysts predict that Global Net Lease, Inc. will post 1.26 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 15.31%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s dividend payout ratio (DPR) is presently -117.02%.

Analyst Upgrades and Downgrades

GNL has been the topic of several recent research reports. Truist Financial reduced their price target on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Friday, November 29th. JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a report on Tuesday, December 17th. Finally, Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

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.