Coppell Advisory Solutions LLC Decreases Position in Global Net Lease, Inc. $GNL

Coppell Advisory Solutions LLC trimmed its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 48.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,379 shares of the financial services provider’s stock after selling 9,719 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in Global Net Lease were worth $78,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in Global Net Lease by 15.8% in the first quarter. Allworth Financial LP now owns 11,940 shares of the financial services provider’s stock valued at $89,000 after buying an additional 1,626 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Global Net Lease by 4.4% in the 1st quarter. Harbour Investments Inc. now owns 40,616 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 1,723 shares during the last quarter. Arrow Investment Advisors LLC boosted its stake in Global Net Lease by 10.6% in the 1st quarter. Arrow Investment Advisors LLC now owns 21,039 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 2,012 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in Global Net Lease by 4.9% in the 1st quarter. Arkadios Wealth Advisors now owns 62,863 shares of the financial services provider’s stock worth $505,000 after purchasing an additional 2,918 shares in the last quarter. Finally, Money Concepts Capital Corp grew its position in Global Net Lease by 5.4% during the 1st quarter. Money Concepts Capital Corp now owns 58,517 shares of the financial services provider’s stock worth $470,000 after purchasing an additional 3,011 shares during the last quarter. 61.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GNL. Wall Street Zen upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. Colliers Securities raised Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Thursday, August 7th. KeyCorp raised Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price objective on the stock in a report on Tuesday, August 19th. Finally, JMP Securities restated a “market outperform” rating and issued a $9.00 price objective on shares of Global Net Lease in a research note on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $9.20.

Insiders Place Their Bets

In other news, insider Nicholas S. Schorsch sold 300,000 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $7.33, for a total transaction of $2,199,000.00. Following the sale, the insider directly owned 19,607,384 shares of the company’s stock, valued at $143,722,124.72. This represents a 1.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward M. Jr. Weil sold 150,000 shares of the firm’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $7.61, for a total value of $1,141,500.00. Following the sale, the chief executive officer owned 584,053 shares in the company, valued at $4,444,643.33. This trade represents a 20.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,553,000 shares of company stock worth $56,115,790 over the last three months. 0.37% of the stock is currently owned by insiders.

Global Net Lease Stock Down 0.3%

Global Net Lease stock opened at $8.20 on Wednesday. The business’s 50-day moving average price is $7.49 and its 200 day moving average price is $7.61. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -5.69 and a beta of 1.22. Global Net Lease, Inc. has a 52 week low of $6.51 and a 52 week high of $9.10.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. Global Net Lease had a negative return on equity of 9.71% and a negative net margin of 43.75%.The company had revenue of $124.91 million during the quarter, compared to the consensus estimate of $138.38 million. As a group, sell-side analysts anticipate that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Investors of record on Friday, July 11th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.76 dividend on an annualized basis and a yield of 9.3%. Global Net Lease’s dividend payout ratio is -52.78%.

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.