Global Net Lease, Inc. (NYSE:GNL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Global Net Lease, Inc. (NYSE:GNL) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $9.50.

GNL has been the subject of a number of recent research reports. Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Truist Financial lowered their price objective on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a report on Friday, November 29th. 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 report on Tuesday, December 17th.

Global Net Lease Trading Up 0.9 %

NYSE GNL opened at $7.17 on Wednesday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The stock’s 50-day simple moving average is $7.21 and its two-hundred day simple moving average is $7.86. Global Net Lease has a twelve month low of $6.52 and a twelve month high of $9.10. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -7.62 and a beta of 1.34.

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 15.35%. The ex-dividend date was Monday, January 13th. Global Net Lease’s payout ratio is presently -117.02%.

Institutional Investors Weigh In On Global Net Lease

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Global Net Lease by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider’s stock valued at $42,897,000 after purchasing an additional 95,769 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Global Net Lease by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,171,758 shares of the financial services provider’s stock worth $30,454,000 after purchasing an additional 112,908 shares during the period. Corient Private Wealth LLC boosted its position in Global Net Lease by 0.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,344,533 shares of the financial services provider’s stock valued at $17,115,000 after buying an additional 21,823 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Global Net Lease by 28.9% in the 4th quarter. Advisors Asset Management Inc. now owns 1,430,580 shares of the financial services provider’s stock worth $10,443,000 after buying an additional 320,738 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Global Net Lease by 392.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock valued at $8,829,000 after acquiring an additional 835,830 shares during the period. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

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.