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Nicholas Schorsch, a significant stakeholder in Global Net Lease , Inc. (NYSE:GNL), recently sold 200,000 shares of the company’s common stock. The transaction, which took place on April 3, 2025, was executed at a weighted average price of $7.95 per share, amounting to a total of approximately $1.59 million. According to InvestingPro analysis, the stock currently appears undervalued, trading at an EV/EBITDA multiple of 10.3x.
Following this sale, Schorsch, through various entities, continues to hold substantial positions in the company, including 1,629,073 shares indirectly owned through Bellevue Capital Partners (WA:CPAP), LLC, and additional holdings through other related entities. InvestingPro subscribers can access detailed ownership analysis and 7 additional key insights about GNL’s financial health and prospects.
Global Net Lease, a real estate investment trust, is primarily engaged in the acquisition and management of commercial properties across the globe. The company maintains a robust 10.1% dividend yield and received a "GOOD" financial health score from InvestingPro. The recent stock sale by Schorsch, who is a ten percent owner, is noteworthy for investors monitoring insider transactions.
In other recent news, Global Net Lease, Inc. (GNL) has made significant strides in its corporate governance by amending its bylaws to empower shareholders with the ability to alter, amend, or repeal the bylaws with a majority vote. This change aligns with broader corporate governance trends and enhances shareholder democracy. Additionally, GNL has entered into a binding agreement to sell 100 non-core properties for $1.8 billion, a strategic move to accelerate its deleveraging plan. The sale is expected to close in phases by the end of the second quarter of 2025, potentially improving the company’s financial flexibility and liquidity position.
In the realm of analyst ratings, JMP Securities has maintained a Market Outperform rating on GNL with a $9.00 price target, highlighting the company’s efforts to reduce leverage. Meanwhile, Truist Securities has kept a Hold rating with an $8.00 price target, adjusting its AFFO projections due to increased asset sales. Fitch Ratings has placed GNL on a positive rating watch following the announcement of the portfolio sale, suggesting potential improvements in the company’s credit metrics.
Furthermore, GNL has amended its ownership limits, allowing select investors to increase their stakes, while reducing the Aggregate Share Ownership Limit for other stockholders. This move is part of a broader $300 million share repurchase program initiated earlier this year. These developments reflect GNL’s ongoing efforts to enhance its governance structure and financial health.
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