Global Net Lease, Inc. (NYSE:GNL) Major Shareholder Nicholas S. Schorsch Sells 200,000 Shares of Stock

Global Net Lease, Inc. (NYSE:GNL) major shareholder Nicholas S. Schorsch sold 200,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $7.95, for a total transaction of $1,590,000.00. Following the completion of the sale, the insider now owns 1,629,073 shares in the company, valued at $12,951,130.35. The trade was a 10.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Global Net Lease Stock Performance

Shares of GNL stock opened at $7.53 on Friday. Global Net Lease, Inc. has a 1 year low of $6.52 and a 1 year high of $9.11. 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 firm has a market cap of $1.74 billion, a price-to-earnings ratio of -8.01 and a beta of 1.18. The stock’s 50-day moving average is $7.61 and its two-hundred day moving average is $7.67.

Global Net Lease Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, April 11th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 10.10%. The ex-dividend date of this dividend is Friday, April 11th. Global Net Lease’s dividend payout ratio (DPR) is -144.74%.

Institutional Investors Weigh In On Global Net Lease

Several large investors have recently modified their holdings of GNL. CoreCap Advisors LLC purchased a new stake in Global Net Lease in the 4th quarter valued at $25,000. Ameriflex Group Inc. purchased a new stake in shares of Global Net Lease in the fourth quarter valued at about $25,000. GF Fund Management CO. LTD. acquired a new stake in shares of Global Net Lease during the fourth quarter worth about $26,000. US Bancorp DE grew its holdings in shares of Global Net Lease by 363.2% during the fourth quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock worth $44,000 after buying an additional 4,761 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in Global Net Lease by 119.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 6,659 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 3,624 shares during the period. 61.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on GNL. JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a report on Tuesday, December 17th. Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Global Net Lease currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

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.