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

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

A number of equities research analysts recently issued reports on GNL shares. Truist Financial dropped their price target on shares of 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. JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price for the company in a research note on Tuesday, December 17th. Finally, 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.

Insider Activity

In related news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the stock in a transaction on Monday, November 11th. The stock was bought at an average price of $7.72 per share, with a total value of $772,000.00. Following the completion of the purchase, the insider now directly owns 1,829,073 shares in the company, valued at $14,120,443.56. This represents a 5.78 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Global Net Lease

Several large investors have recently made changes to their positions in GNL. Geode Capital Management LLC increased its holdings in 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. boosted its position in shares of Global Net Lease by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock worth $34,176,000 after buying an additional 166,247 shares during the period. Bank of Montreal Can grew its stake in shares of 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. Advisors Asset Management Inc. raised its holdings in shares of Global Net Lease by 12.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock valued at $9,345,000 after buying an additional 120,610 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 worth $8,829,000 after acquiring an additional 835,830 shares in the last quarter. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Stock Performance

Shares of NYSE GNL opened at $7.24 on Friday. The company has a market capitalization of $1.67 billion, a PE ratio of -7.70, a price-to-earnings-growth ratio of 0.96 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 company’s fifty day moving average price is $7.28 and its 200 day moving average price is $7.97. Global Net Lease has a 1 year low of $6.52 and a 1 year high of $9.10.

Global Net Lease (NYSE:GNL) last posted its earnings results 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). The business had revenue of $196.56 million for the quarter, compared to analyst estimates of $198.76 million. Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. During the same quarter last year, the business earned $0.36 earnings per share. On average, research analysts predict that Global Net Lease will post 1.27 earnings per share for the current year.

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were issued a dividend of $0.275 per share. The ex-dividend date was Monday, January 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.20%. Global Net Lease’s dividend payout ratio 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.