Apeiron RIA LLC Boosts Stock Position in Global Net Lease, Inc. (NYSE:GNL)

Apeiron RIA LLC grew its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,084 shares of the financial services provider’s stock after buying an additional 2,200 shares during the quarter. Apeiron RIA LLC’s holdings in Global Net Lease were worth $234,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. American Capital Advisory LLC bought a new stake in Global Net Lease in the third quarter valued at about $34,000. Park Place Capital Corp acquired a new position in shares of Global Net Lease in the 3rd quarter worth approximately $35,000. GAMMA Investing LLC increased its holdings in shares of Global Net Lease by 60.1% in the 3rd quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,897 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Global Net Lease during the 3rd quarter valued at approximately $67,000. Finally, KBC Group NV lifted its stake in 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 worth $78,000 after purchasing an additional 2,535 shares during the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Insider Buying and Selling at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average price of $7.72 per share, for a total transaction of $772,000.00. Following the transaction, the insider now directly owns 1,829,073 shares of the company’s stock, valued at approximately $14,120,443.56. This represents a 5.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Truist Financial lowered their target price on shares of 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. JMP Securities upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research note on Tuesday, December 17th. Finally, Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Three investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $9.50.

Global Net Lease Stock Performance

Shares of GNL opened at $7.21 on Friday. The firm has a fifty day moving average of $7.26 and a 200-day moving average of $7.96. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -7.67 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. Global Net Lease, Inc. has a 1 year low of $6.52 and a 1 year high of $9.10.

Global Net Lease (NYSE:GNL) last posted 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). Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The firm had revenue of $196.56 million for the quarter, compared to analyst estimates of $198.76 million. During the same period in the previous year, the firm earned $0.36 earnings per share. As a group, equities analysts anticipate that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 15.25%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s dividend payout ratio is currently -117.02%.

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.