Global Net Lease, Inc. (NYSE:GNL) Given Average Rating of “Hold” by Analysts

Global Net Lease, Inc. (NYSE:GNL) has been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $9.83.

A number of research firms have recently weighed in on GNL. StockNews.com raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Truist Financial boosted their target price on shares of Global Net Lease from $8.00 to $8.50 and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Finally, B. Riley reduced their price target on shares of Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, August 12th.

Insider Activity at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was bought at an average cost of $8.40 per share, for a total transaction of $840,000.00. Following the completion of the purchase, the insider now directly owns 1,729,073 shares in the company, valued at approximately $14,524,213.20. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Global Net Lease

A number of hedge funds have recently added to or reduced their stakes in the stock. First Trust Direct Indexing L.P. acquired a new stake in shares of Global Net Lease in the 1st quarter worth about $132,000. Diversify Advisory Services LLC acquired a new stake in shares of Global Net Lease in the first quarter valued at approximately $272,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Global Net Lease by 25.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,236,299 shares of the financial services provider’s stock valued at $17,376,000 after purchasing an additional 460,717 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Global Net Lease by 58.7% during the first quarter. BNP Paribas Financial Markets now owns 103,420 shares of the financial services provider’s stock valued at $804,000 after buying an additional 38,252 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Global Net Lease by 28.9% during the first quarter. Janney Montgomery Scott LLC now owns 123,528 shares of the financial services provider’s stock worth $960,000 after buying an additional 27,723 shares during the period. 61.19% of the stock is currently owned by institutional investors.

Global Net Lease Stock Performance

Shares of GNL stock opened at $7.63 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.05 and a quick ratio of 0.05. The company’s fifty day moving average price is $8.47 and its two-hundred day moving average price is $7.95. The firm has a market capitalization of $1.76 billion, a P/E ratio of -4.44, a P/E/G ratio of 1.02 and a beta of 1.38. Global Net Lease has a 12 month low of $6.52 and a 12 month high of $10.19.

Global Net Lease (NYSE:GNL) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.52). Global Net Lease had a negative return on equity of 9.41% and a negative net margin of 33.26%. The business had revenue of $203.29 million during the quarter, compared to analyst estimates of $204.80 million. During the same quarter last year, the firm posted $0.40 EPS. On average, research analysts anticipate that Global Net Lease will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 14.42%. The ex-dividend date of this dividend was Friday, October 11th. Global Net Lease’s dividend payout ratio (DPR) is presently -63.95%.

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.