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

Sunbelt Securities Inc. raised its stake in Global Net Lease, Inc. (NYSE:GNL) by 10.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,023 shares of the financial services provider’s stock after buying an additional 1,574 shares during the quarter. Sunbelt Securities Inc.’s holdings in Global Net Lease were worth $135,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. American Capital Advisory LLC bought a new stake in Global Net Lease during the third quarter worth $34,000. Park Place Capital Corp bought a new stake in shares of Global Net Lease in the 3rd quarter worth $35,000. GAMMA Investing LLC lifted its position in shares of Global Net Lease by 60.1% during the 3rd quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock worth $43,000 after buying an additional 1,897 shares in the last quarter. Verus Capital Partners LLC purchased a new position in shares of Global Net Lease in the 2nd quarter worth approximately $74,000. Finally, KBC Group NV increased its position in shares of Global Net Lease by 37.4% during the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 2,535 shares during the last quarter. Institutional investors own 61.19% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial reduced their price objective 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $9.67.

Insiders Place Their Bets

In other Global Net Lease news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the stock in a transaction on Monday, November 11th. The shares were acquired at an average price of $7.72 per share, with a total value of $772,000.00. Following the acquisition, the insider now directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Global Net Lease Stock Up 1.4 %

Global Net Lease stock opened at $7.22 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.67 billion, a P/E ratio of -7.68, a P/E/G ratio of 0.93 and a beta of 1.34. The firm has a 50 day moving average price of $7.73 and a 200-day moving average price of $7.98. Global Net Lease, Inc. has a twelve month low of $6.52 and a twelve month high of $10.19.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.65). The firm had revenue of $196.56 million for the quarter, compared to the consensus estimate 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 company posted $0.36 earnings per share. As a group, equities analysts predict 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 dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 15.24%. The ex-dividend date of this dividend was Friday, October 11th. Global Net Lease’s dividend payout ratio (DPR) is presently -117.02%.

Global Net Lease Company 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.