MQS Management LLC Purchases New Stake in Global Net Lease, Inc. $GNL

MQS Management LLC purchased a new stake in Global Net Lease, Inc. (NYSE:GNL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,024 shares of the financial services provider’s stock, valued at approximately $113,000.

A number of other large investors have also added to or reduced their stakes in the business. AlphaQuest LLC bought a new stake in Global Net Lease in the 2nd quarter valued at $59,000. Blue Sky Capital Consultants Group Inc. raised its stake in Global Net Lease by 10.4% in the 2nd quarter. Blue Sky Capital Consultants Group Inc. now owns 334,673 shares of the financial services provider’s stock valued at $2,527,000 after acquiring an additional 31,576 shares during the period. Ritholtz Wealth Management bought a new stake in Global Net Lease in the 2nd quarter valued at $1,671,000. SLT Holdings LLC bought a new stake in Global Net Lease in the 2nd quarter valued at $98,000. Finally, Aberdeen Group plc raised its stake in Global Net Lease by 32.4% in the 2nd quarter. Aberdeen Group plc now owns 129,182 shares of the financial services provider’s stock valued at $968,000 after acquiring an additional 31,589 shares during the period. Institutional investors own 61.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. KeyCorp upgraded Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a research note on Tuesday, August 19th. Colliers Securities upgraded Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.20.

Global Net Lease Price Performance

Shares of NYSE GNL opened at $7.71 on Wednesday. The stock has a market capitalization of $1.70 billion, a PE ratio of -5.35 and a beta of 1.20. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.13 and a quick ratio of 0.13. The business has a fifty day moving average price of $7.93 and a two-hundred day moving average price of $7.65. Global Net Lease, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $8.35.

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

Global Net Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Monday, October 13th were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.76 annualized dividend and a yield of 9.9%. Global Net Lease’s payout ratio is currently -52.78%.

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.