Global Net Lease, Inc. (NYSE:GNL) Receives $9.50 Consensus Target Price from Brokerages

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

Several analysts have weighed in on GNL shares. JMP Securities raised 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. Citizens Jmp upgraded shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Truist Financial decreased their target price on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Friday, November 29th.

Hedge Funds Weigh In On Global Net Lease

Several large investors have recently made changes to their positions in GNL. American Capital Advisory LLC bought a new stake in Global Net Lease during the third quarter worth approximately $34,000. GAMMA Investing LLC lifted its position in shares of Global Net Lease by 60.1% during the 3rd quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,897 shares during the last quarter. US Bancorp DE boosted its stake in shares of Global Net Lease by 363.2% during the 4th quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 4,761 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Global Net Lease by 119.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 6,659 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 3,624 shares during the last quarter. Finally, McIlrath & Eck LLC acquired a new stake in shares of Global Net Lease during the third quarter worth $67,000. Institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Performance

GNL opened at $7.12 on Wednesday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $7.20 and its 200-day moving average is $7.82. The stock has a market cap of $1.64 billion, a PE ratio of -7.57 and a beta of 1.34. Global Net Lease has a twelve month low of $6.52 and a twelve month high of $9.10.

Global Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 15.46%. The ex-dividend date was Monday, January 13th. Global Net Lease’s dividend payout ratio (DPR) is presently -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.