Apeiron RIA LLC Grows Holdings in Global Net Lease, Inc. (NYSE:GNL)

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

A number of other hedge funds and other institutional investors have also modified their holdings of GNL. American Capital Advisory LLC acquired a new stake in Global Net Lease during the third quarter worth approximately $34,000. Park Place Capital Corp purchased a new position in shares of Global Net Lease during the 3rd quarter worth $35,000. GAMMA Investing LLC boosted its holdings in shares of Global Net Lease by 60.1% during the third quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,897 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in shares of Global Net Lease in the third quarter valued at $67,000. Finally, KBC Group NV increased its stake in Global Net Lease by 37.4% in the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 2,535 shares during the last quarter. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Global Net Lease Price Performance

GNL opened at $7.21 on Friday. Global Net Lease, Inc. has a 52-week low of $6.52 and a 52-week high of $9.10. The company has a 50 day moving average of $7.26 and a two-hundred day moving average of $7.96. The company has a market cap of $1.66 billion, a P/E ratio of -7.67 and a beta of 1.34. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. The business had revenue of $196.56 million for the quarter, compared to analysts’ expectations of $198.76 million. During the same period last year, the company posted $0.36 earnings per share. On average, analysts expect that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GNL shares. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Truist Financial decreased their target price on shares of 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. Finally, 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 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Global Net Lease has an average rating of “Moderate Buy” and an average target price of $9.50.

Insider Buying and Selling

In other news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average cost of $7.72 per share, with a total value of $772,000.00. Following the acquisition, the insider now owns 1,829,073 shares in the company, valued at approximately $14,120,443.56. This trade represents a 5.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

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.