Global Net Lease, Inc. (NYSE:GNL) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Global Net Lease, Inc. (NYSE:GNL) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $9.50.

GNL has been the topic of several research reports. Truist Financial cut their price target on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Friday, November 29th. Citizens Jmp upgraded shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a research note on Tuesday, December 17th.

Insider Transactions at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of Global Net Lease stock in a transaction dated Monday, November 11th. The shares were bought at an average cost of $7.72 per share, with a total value of $772,000.00. Following the completion of the transaction, the insider now directly owns 1,829,073 shares in the company, valued at $14,120,443.56. This trade represents a 5.78 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Institutional Trading of Global Net Lease

A number of large investors have recently made changes to their positions in the company. AE Wealth Management LLC grew its stake in Global Net Lease by 85.2% in the second quarter. AE Wealth Management LLC now owns 37,079 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 17,057 shares during the period. Waterfall Asset Management LLC bought a new stake in Global Net Lease during the 2nd quarter worth approximately $2,122,000. Public Sector Pension Investment Board raised its holdings in Global Net Lease by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 429,875 shares of the financial services provider’s stock worth $3,160,000 after buying an additional 29,553 shares during the period. Bank of Montreal Can lifted its stake in Global Net Lease by 12,401.0% in the second quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock valued at $22,986,000 after buying an additional 3,093,924 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Global Net Lease in the second quarter valued at approximately $147,000. Institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Up 0.6 %

GNL opened at $7.21 on Friday. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -7.67 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. The firm’s 50-day simple moving average is $7.26 and its 200-day simple moving average is $7.96. Global Net Lease has a twelve month low of $6.52 and a twelve month high of $9.10.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($0.33) EPS 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 during the quarter, compared to analyst estimates of $198.76 million. During the same period in the prior year, the firm posted $0.36 EPS. Equities research analysts anticipate that Global Net Lease will post 1.26 EPS for the current fiscal year.

Global Net Lease Dividend Announcement

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

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.