Sequoia Financial Advisors LLC Takes $96,000 Position in Global Net Lease, Inc. (NYSE:GNL)

Sequoia Financial Advisors LLC purchased a new stake in Global Net Lease, Inc. (NYSE:GNLFree Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,037 shares of the financial services provider’s stock, valued at approximately $96,000.

A number of other large investors have also made changes to their positions in GNL. Atria Wealth Solutions Inc. lifted its holdings in Global Net Lease by 105.9% in the third quarter. Atria Wealth Solutions Inc. now owns 454,039 shares of the financial services provider’s stock valued at $4,363,000 after acquiring an additional 233,545 shares during the last quarter. Spire Wealth Management lifted its holdings in Global Net Lease by 221.9% in the third quarter. Spire Wealth Management now owns 3,299 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 2,274 shares during the last quarter. Swiss National Bank lifted its holdings in Global Net Lease by 88.5% in the third quarter. Swiss National Bank now owns 426,057 shares of the financial services provider’s stock valued at $4,094,000 after acquiring an additional 199,990 shares during the last quarter. Amalgamated Bank lifted its holdings in Global Net Lease by 80.9% in the third quarter. Amalgamated Bank now owns 75,588 shares of the financial services provider’s stock valued at $726,000 after acquiring an additional 33,814 shares during the last quarter. Finally, Avantax Advisory Services Inc. acquired a new position in Global Net Lease in the third quarter valued at approximately $114,000. 75.56% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 4,837 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $8.90, for a total transaction of $43,049.30. Following the transaction, the insider now directly owns 3,861,472 shares in the company, valued at $34,367,100.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Nicholas S. Schorsch sold 4,837 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $8.90, for a total transaction of $43,049.30. Following the sale, the insider now owns 3,861,472 shares of the company’s stock, valued at $34,367,100.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Nicholas S. Schorsch sold 220,564 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $10.01, for a total value of $2,207,845.64. Following the sale, the insider now directly owns 4,405,042 shares in the company, valued at approximately $44,094,470.42. The disclosure for this sale can be found here. Insiders have sold 571,978 shares of company stock worth $5,362,151 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Global Net Lease Stock Down 1.5 %

NYSE:GNL opened at $8.02 on Monday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average is $9.21 and its two-hundred day moving average is $9.47. Global Net Lease, Inc. has a 52 week low of $7.56 and a 52 week high of $14.68. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -4.89, a price-to-earnings-growth ratio of 0.87 and a beta of 1.37.

Global Net Lease Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, January 12th were paid a dividend of $0.354 per share. This represents a $1.42 dividend on an annualized basis and a yield of 17.66%. This is a boost from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, January 11th. Global Net Lease’s dividend payout ratio is -85.98%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Global Net Lease to a “sell” rating in a report on Monday, November 27th.

Get Our Latest Analysis on Global Net Lease

Global Net Lease Profile

(Free Report)

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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.

See Also

Institutional Ownership by Quarter for Global Net Lease (NYSE:GNL)

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