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

Global Net Lease, Inc. (NYSE:GNL) has received an average rating of “Buy” from the five research firms that are covering the firm, Marketbeat.com reports. One analyst has 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 12-month target price among brokers that have issued ratings on the stock in the last year is $9.50.

Several research analysts have recently issued reports on the company. Truist Financial cut their price target on Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Friday, November 29th. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research note on Tuesday, December 17th.

Global Net Lease Trading Up 0.4 %

NYSE:GNL opened at $8.15 on Friday. The company has a market capitalization of $1.88 billion, a PE ratio of -8.67 and a beta of 1.33. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. Global Net Lease has a 52-week low of $6.52 and a 52-week high of $9.11. The stock has a fifty day simple moving average of $7.34 and a 200-day simple moving average of $7.77.

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 13.50%. The ex-dividend date was Monday, January 13th. Global Net Lease’s dividend payout ratio is presently -144.74%.

Institutional Trading of Global Net Lease

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC purchased a new stake in Global Net Lease during the 4th quarter worth about $25,000. Ameriflex Group Inc. purchased a new stake in Global Net Lease in the 4th quarter valued at about $25,000. GF Fund Management CO. LTD. purchased a new stake in Global Net Lease in the 4th quarter valued at about $26,000. US Bancorp DE grew its holdings in Global Net Lease by 363.2% in the 4th quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock valued at $44,000 after buying an additional 4,761 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its holdings in 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 valued at $49,000 after buying an additional 3,624 shares during the period. Hedge funds and other institutional investors own 61.19% of the company’s stock.

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.